Property Overview: 522 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,008 sqft bungalow, built in 1955, sits on a 4,682 sqft lot in the Munroe West neighbourhood. Its core appeal lies in offering solid value and a comfortable footprint within a mature, established community. The home presents a practical opportunity rather than a luxury statement.
Key Characteristics:
- Value & Space: With an assessed value of $301,000, the property ranks above average for its immediate area, offering more interior space than many neighbouring homes. It's a competitively sized home for the neighbourhood price point.
- Established Setting: The home is newer than most on its street and in Munroe West, which may suggest updates or a slightly different architectural character compared to its immediate peers. The lot size is typical for the area.
- Market Context: While spacious for Munroe West, it's notably smaller than the Winnipeg city-wide average home, clearly positioning it as a practical, mid-century property in a core neighbourhood.
Ideal Buyer Profile:
This home would suit a first-time buyer, downsizer, or pragmatic investor seeking a manageable property in a no-fuss, established area. It appeals to those who prioritize liveable space and neighbourhood value over a large lot or a brand-new build. The data suggests it's for someone who finds appeal in a home that stands a bit above its direct peers in terms of size and relative newness, without venturing into premium city-wide price brackets.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,008 sqft, it offers more living area than the average home on Chelsea Avenue and in the Munroe West area, placing it in the top third for space locally.
2. Is the assessed value high for the neighbourhood?
The $301,000 assessment is above the average for Munroe West, ranking in the top 25%. This indicates the property is valued more highly than many in the broader area, likely due to its combination of size, lot, and year built.
3. The home was built in 1955. Is that old for the area?
Actually, it’s newer than most. It ranks in the top 6% on its street and top 11% in Munroe West for year built, meaning it’s one of the more recent constructions in this mature neighbourhood.
4. What is known about previous sale prices?
Records indicate a sale between $200,000 and $250,000 in June 2017. For fully verified and exact historical sale figures, a manual lookup can be requested through the site.
5. The lot seems smaller than some neighbours'. Is that a concern?
The lot is below average for Chelsea Avenue but is very typical for the wider Munroe West area. It reflects the standard, efficient lot sizes common in this part of the city and may mean less yard maintenance.