Property Overview: 152 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1921, situated on a notably generous lot for its Greene Avenue location. With 804 sqft of living space, the house itself is smaller than most in the neighbourhood and city, and the basement is noted as unrenovated. It features a detached garage. The home’s assessed value is significantly below area averages.
Its primary appeal lies in its land value and potential. The lot size of over 5,000 sqft is above average for the immediate street, offering valuable outdoor space or future expansion possibilities in a mature area. The very low assessed value points to a potentially accessible entry price into the Kildonan Drive area. This property would best suit a value-focused buyer—perhaps a first-time homeowner, an investor, or a hands-on renovator—who sees the underlying land as the key asset and is prepared to update or expand the existing modest home. It represents a classic "value-add" opportunity where the investment is in the location and the parcel, not the current structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's current state, age, and smaller living area compared to the broader market. It is primarily based on the existing structure, not the potential of the large lot.
2. What does "below average" for living area mean for daily living?
With 804 sqft, the floor plan will be compact. It likely suits individuals, couples, or those comfortable with efficient, cozy spaces. The unrenovated basement may offer storage or utility space but not immediate finished living area.
3. Is the large lot a significant advantage?
Yes, especially on this street. The lot is larger than many of its direct neighbours, providing more private outdoor space than typical and offering a tangible asset for gardening, recreation, or future projects like an addition, garage upgrade, or shed.
4. What should I consider about the home's age (built 1921)?
While offering classic charm, a home of this age will likely have older building systems (plumbing, electrical, insulation). A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available upon request from the listing service. You can provide your email to receive the precise figure, as this data is manually verified and shared directly without marketing spam.