Property Overview: 530 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 864 sqft bungalow, built in 1955, sits on a 4,682 sqft lot in the Munroe West neighbourhood. Its primary appeal lies in its strong positional value within its immediate context. While its size is below the citywide average, it is squarely average for both Chelsea Avenue and the Munroe West area, representing a typical home for this established community. The assessed value of $297k follows a similar pattern, being very close to the street average and above the neighbourhood average, yet below the Winnipeg city average. This suggests a property that is reasonably priced within its local market.
A thoughtful perspective is that this home, built in 1955, is notably newer than many of its direct neighbours on Chelsea Avenue and in Munroe West, ranking in the top 6% and 11% respectively for year built. This could imply updated infrastructure or a different architectural era compared to surrounding homes. The lot, while smaller than others on its street, is typical for the area. This property would suit a first-time buyer or downsizer looking for an entry into a stable, mature neighbourhood without a premium for extra square footage, or an investor seeking a manageable, character property with strong local fundamentals.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
The home last sold between $200k-$250k in August 2019. Current assessed value is $297k. For precise, verified sale figures of this and comparable properties, you can request a manual lookup via email.
2. Is the living space smaller than average?
At 864 sqft, it is smaller than the Winnipeg average (~1,342 sqft). However, it is very much in line with the typical home size on Chelsea Avenue (~978 sqft) and in the Munroe West area (~958 sqft), making it a standard offering for this location.
3. What does the "newer" year built ranking mean?
Built in 1955, this home is newer than most on its street and in the Munroe West area, where many homes were built around 1945-1950. This doesn't guarantee updates, but may indicate differences in original construction materials or layout compared to immediate neighbours.
4. How does the lot size impact the property?
The 4,682 sqft lot is below average for Chelsea Avenue but average for the wider Munroe West area. It offers a manageable yard space typical of the neighbourhood, which can be a positive for lower maintenance.
5. Where can I see more detailed local comparisons?
A neighbourhood analysis map is available to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.