Property Overview: 444 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 768 sqft bungalow at 444 Chelsea Avenue in Munroe West is a compact, post-war home built in 1955, sitting on a standard 4,681 sqft lot. Its core appeal lies in its position as a relatively affordable, lower-maintenance entry point into the Winnipeg market. The assessed value of $279k is notably below the city-wide average, offering a price advantage, especially for first-time buyers or investors.
The home’s characteristics present a nuanced picture. While its living space is significantly smaller than most homes in the city, its lot size is fairly typical for its immediate area. A thoughtful perspective is that its 1955 build date makes it one of the newer homes on its street, which could suggest updated infrastructure or less immediate need for major foundational repairs compared to older neighbours. The property last sold in 2021 and again in 2024, indicating active market interest.
This home would best suit practical, budget-conscious buyers. It’s ideal for a first-time purchaser, a small household, or an investor looking for a manageable rental property. Its size and lot make it a candidate for a long-term hold with potential for future expansion, subject to local regulations.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
The assessed value ($279k) is for municipal tax purposes and is a historical snapshot. Market conditions ultimately determine price. The home sold in 2024 within the $300k-$350k range, which is a more current market indicator.
2. How does the smaller living area impact livability?
At 768 sqft, the home is cozy and efficient. It demands thoughtful space planning and minimalism. For some, this is a modern advantage leading to lower utility costs and less upkeep. For growing families, it may feel restrictive without plans for renovation.
3. What does it mean that this is a "newer" home on the street?
Built in 1955, it ranks in the top 6% for year built on Chelsea Avenue. In practical terms, this could mean elements like wiring, plumbing, or the roof may have a shorter service history than many neighbours, potentially deferring some major repair costs.
4. Are the sold price figures shown exact amounts?
No. For privacy and data licensing reasons, the site shows sold prices in $50k bands (e.g., CA$300k–350k). You can request the exact historical sold prices by email from the site provider.
5. How does this property compare to others in Munroe West?
Its assessed value is very close to the neighbourhood average. Its lot size is also typical for the area. Its most distinct difference is its smaller-than-average living space, which is a key factor in its pricing and likely its appeal to a specific buyer.