Property Overview: 171 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in the Rossmere-B area of Kildonan Drive is a classic entry-point property. Its key characteristics are its modest 800 sqft living area, unrenovated basement, and its 1926 construction, making it one of the older homes in its immediate area. The assessed value is notably low compared to city-wide averages.
The primary appeal lies in its affordability and lot potential. It represents a lower barrier to entry into the Winnipeg housing market, suitable for a first-time buyer comfortable with a home that may require updates, or an investor looking for a rental property. The lot size is consistent with the street, offering standard outdoor space. A thoughtful perspective is that its age and below-average size compared to neighbours might allow for future expansion or redevelopment, subject to local regulations. It would not suit buyers seeking modern finishes, ample square footage, or a turn-key property without investment.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on a mass appraisal system considering factors like location, size, age, and condition. This home's smaller living area, older age, and unrenovated state contribute to its lower assessment relative to the broader city market.
2. What does "below average" for living area in the neighbourhood mean?
Most comparable homes in the Kildonan Drive area are larger, averaging about 1,364 sqft. At 800 sqft, this home provides compact living space, which is a key factor in its pricing and may appeal to those seeking minimal upkeep.
3. Has the property value increased?
Based on the sold price ranges provided, the property sold for an estimated $22.5k–$25.5k in 2020 and $28.5k–$31.5k in 2023. This suggests an increase in market value over that three-year period, though exact figures require verification.
4. What should I consider about a home built in 1926?
While offering character, a home of this age will likely have older building systems (like wiring and plumbing) and may require more maintenance or specific updates to meet modern standards. A thorough inspection is essential.
5. How can I find out the exact past sold prices?
The exact sold prices are not publicly displayed in detail here. You can request them by email via the "Get exact sold price history" button on the property page. The service promises to provide the accurate figures manually without using your email for unsolicited marketing.