Property Overview: 506 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 912 sqft bungalow, built in 1954, sits on a notably generous 5,853 sqft lot in the Munroe West neighborhood. Its primary appeal lies in a compelling combination of location, space, and value. The home itself offers practical, average-sized living quarters for the area, but the true standout feature is the lot size, which ranks in the top 7% on its own street and the top 16% within Munroe West. This presents a significant opportunity for gardening, outdoor living, or future expansion.
The assessed value of $299k positions the property above the average for Munroe West, suggesting it is a well-regarded home within its immediate community, though it sits below the wider Winnipeg city average. This creates a value proposition for buyers seeking established neighborhoods over newer, higher-priced subdivisions. The home last sold in mid-2023, indicating a relatively recent market transaction.
This property would best suit practical buyers looking for a solid foundation in a stable neighborhood. It’s ideal for first-time homeowners who value outdoor space over a large interior, or for downsizers seeking a manageable home with a premium-sized yard. It also holds potential for long-term holders who may see value in the lot’s possibilities.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key advantage. At 5,853 sqft, it is substantially larger than most in the Munroe West area, offering more private outdoor space than roughly 84% of nearby comparable homes.
2. Is the assessed value likely to lead to a high property tax bill?
While the $299k assessment is above the Munroe West average, it remains well below the Winnipeg city average. Taxes would be more influenced by the local neighborhood rate rather than a city-wide premium.
3. What does the "above average" ranking for Year Built in the area mean?
Built in 1954, this home is actually newer than about 73% of comparable homes in Munroe West. This suggests the immediate area consists of very well-established, mature properties, and this house is among the more recent builds in that context.
4. The living area is ranked "below average" city-wide. Is the house small?
At 912 sqft, the living space is below the Winnipeg average, which is skewed by newer, larger suburban homes. However, it is perfectly aligned with the typical size of homes in Munroe West (avg. 958 sqft), indicating it is a standard, functional size for this established neighborhood.
5. How can I verify the exact past sale price?
The provided data shows a sold price range. Due to industry regulations, exact historical sale figures are not published automatically on this site. You can request the precise sale history via the email lookup service provided on the property page.