Property Overview: 2 Greenford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 2 Greenford Avenue in Dakota Crossing presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate neighborhood. The property boasts an Elite-ranked assessed value on its street, indicating it is considered a top-tier property on Greenford Avenue. It also sits on a larger-than-average lot for the street, offering more outdoor space than many direct neighbors.
With 975 sqft of living space and a renovated basement, the home is compact but functional. Built in 1987, it is newer than the Winnipeg city average. The absence of a garage is a trade-off for the lot size. This home would suit first-time buyers or downsizers seeking established neighborhood character, a manageable footprint, and a property that stands out in value on its block. It’s a home for someone who prioritizes a solid foundation in a quiet area over premium finishes or extensive square footage. A thoughtful perspective is that this property may represent a "best on street" scenario, where its metrics shine brightest in a hyper-local context, making it a prudent choice for a long-term holder in that specific community.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the sale price?
The home last sold in January 2022 for $43,800k, which is close to its current assessed value of $41.30k. This suggests a stable valuation in line with recent market activity.
2. Is the living space sufficient for a family?
At 975 sqft, the living area is below average for both Dakota Crossing and Winnipeg overall. It is more suited to a small family, a couple, or an individual. The renovated basement does provide additional flexible space.
3. What does the "Elite" ranking for assessed value on the street mean?
This statistical ranking shows that, compared to the 45 similar properties on Greenford Avenue, this home has the highest assessed value. It signifies it is viewed as a leading property on its specific street.
4. What are the implications of not having a garage?
The lack of a garage means parking will be limited to driveway or street parking. However, the larger-than-street-average lot (5,080 sqft) may provide space for future addition of a parking pad or shed, subject to local bylaws.
5. How does the year built affect the home?
Built in 1987, the home is newer than many in Winnipeg but will still be approaching 40 years old. Buyers should expect maintenance consistent with this age, but may benefit from updates like the renovated basement and potentially more modern building standards than much older stock.