Property Overview: 510 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century bungalow built in 1954, situated on a standard-sized lot in the Munroe West neighbourhood. Its primary appeal lies in its positioning as a squarely average home within its immediate context, offering a practical entry point into the Winnipeg market. With 864 square feet of living space and an assessed value of $289,000, it ranks consistently around the middle compared to homes on its own street and in the Munroe West area. This suggests a property that is neither standout nor outlier, but a stable and predictable offering.
A thoughtful perspective is that its "average" metrics locally become a relative value citywide. While the home is typical for Chelsea Avenue, its assessed value is notably below the Winnipeg city average, potentially offering more house for the money within this specific community. The lot, while smaller than others on the street, is still generous compared to many newer developments. This property would suit first-time buyers or practical downsizers seeking a straightforward, no-surprises home in an established neighbourhood, without the premium price of a newer or significantly larger property.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
Based on available data, it last sold between $250,000 and $300,000 in June 2021. Its current assessed value of $289,000 sits near the top of that range, indicating stable or slightly appreciating value in line with area trends.
2. Is the living space smaller than similar homes?
At 864 sqft, it is moderately smaller than the average home on Chelsea Avenue (~978 sqft) and in Munroe West (~958 sqft). It is more compact than the typical Winnipeg home, which averages around 1,342 sqft.
3. What does the "below average" lot size mean for this property?
The 4,682 sqft lot is smaller than many on its street but is close to the average for the Munroe West area. It provides a manageable outdoor space typical of the neighbourhood's era, likely requiring less maintenance than a larger plot.
4. The home was built in 1954. What should I consider?
As a home from the 1950s, prospective buyers should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential to understand the condition and any needed modernizations.
5. How can I get the exact historical sold prices?
The displayed sold price is an estimated range. To obtain verified, exact sale figures from the full transaction history, you must request a manual lookup via email through the site, as this data is not sourced from the MLS.