Property Overview: 476 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 476 Chelsea Avenue in Munroe West is a well-positioned, mid-century property with strong local value. Built in 1955, it is notably newer than many homes on its street and in the broader area. With 1,008 square feet of living space, it offers a practical layout that is above average for Chelsea Avenue and typical for the Munroe West neighbourhood.
The primary appeal lies in its solid assessed value of $312,000, which ranks in the top 20% on its street and top 18% in Munroe West. This suggests it is a financially sound asset within its immediate community. While the lot size is slightly smaller than others on the block, it is consistent with area norms. A less obvious perspective is that this property represents a "neighbourhood anchor"—it outperforms local averages in key metrics like year built and value, offering a stable foothold in an established area without the premium of a city-wide comparison.
This home would best suit pragmatic buyers looking for a move-in ready foundation in a mature neighbourhood. It’s ideal for first-time homeowners, small families, or downsizers who prioritize value retention and community consistency over a sprawling lot or brand-new construction. Its profile suggests a property for someone who values what their specific street and area offer, rather than chasing city-wide trends.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
Data shows a home on this street sold between $350,000 and $400,000 in March 2022, which was in the top 7% of local sales at that time. The current assessed value of $312,000 provides a different, government-based benchmark for the property's worth.
2. Is the living space considered small?
At 1,008 sq ft, it is larger than the average home on Chelsea Avenue (~978 sq ft) and in Munroe West (~958 sq ft). It is, however, below the city-wide average, making it a comfortably sized home for its immediate area.
3. What does the "year built" ranking mean?
Built in 1955, this home is newer than 94% of comparable properties on Chelsea Avenue and 89% in Munroe West. This indicates potentially fewer immediate concerns with aging infrastructure compared to its neighbours.
4. Why is the lot size ranked lower on the street?
The 4,681 sq ft lot is smaller than the Chelsea Avenue average of 5,194 sq ft, placing it in the bottom 16% on the street. However, it is very close to the Munroe West average, meaning this is more characteristic of a slightly smaller lot on a street with some larger ones.
5. How can I verify the exact historical sale prices?
The provided sold price data is based on public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they will provide via email.