Property Overview: 42 Greenford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 42 Greenford Avenue in Dakota Crossing presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include a modest 865 sqft of living space, a renovated basement, a detached garage, and a standard 4,552 sqft lot. Built in 1987, it is newer than many homes citywide.
The primary appeal lies in its value proposition. With a historically low assessed value and a recent sale price around $40k, it stands as one of the most accessible single-family homes in the city. The renovated basement adds functional living space, and the home ranks as newer than most on its own street, suggesting potentially fewer immediate major repairs than older neighbors.
This property would best suit first-time buyers, investors, or downsizers seeking minimal mortgage exposure or a straightforward rental property. It’s for those who prioritize financial practicality and a solid foundation over size or modern finishes. A less obvious perspective is that its "below average" size for the neighborhood could mean lower utility costs and less upkeep, aligning with a simpler, more efficient lifestyle. It’s a home for living within one’s means, not for keeping up with the Joneses.
Section 2: Frequently Asked Questions
1. Is the low price reflective of the home’s condition?
The price is primarily driven by its smaller size relative to the area and city averages. The presence of a renovated basement indicates some updates have been made, but a thorough inspection is always recommended.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finishes, and whether it includes a separate entrance or legal suite potential.
3. How does the assessed value compare to the sale price?
The home last sold in July 2022 for $40,100, which is slightly above its current assessed value of $38,100. This close alignment suggests the assessment is relatively current and market-based.
4. Is the living space too small?
At 865 sqft (plus the renovated basement), the main floor living area is compact. This suits individuals, couples, or small families comfortable with efficient use of space. The basement renovation effectively doubles the usable area.
5. What are the long-term prospects for a home of this size in Dakota Crossing?
While smaller than the neighborhood average, its enduring appeal will be its affordability. It may appreciate in value alongside the market, but its niche will likely remain as a value-oriented option, which can be a stable investment in any economic climate.