Property Overview: 194 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Greene Avenue in the Rossmere-B area presents a practical opportunity with distinct advantages. Its key appeal lies in offering above-average space both inside and out for its immediate neighborhood. With 1,237 sqft of living area and a 5,420 sqft lot, it ranks in the top 12% for size on its own street, meaning you get more house and yard than most nearby properties. The home features a renovated basement and a detached garage. Built in 1949, it carries a modest assessed value that is below the area average for Kildonan Drive, potentially indicating a more accessible entry point into the neighborhood.
The property would suit a buyer looking for a home with generous proportions on a quiet street, who values the character and space of an older home and is comfortable with its maintenance. It’s a practical fit for first-time homeowners, small families, or downsizers seeking a manageable yard and extra room to grow. A less obvious perspective is that its below-average assessment for the broader area could represent a relative value, especially if the interior updates extend beyond the basement. The recent 2020 sale also suggests a motivated previous owner, potentially leading to further improvements not captured in the basic metrics.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but the specific scope, finishes, and whether it includes a legal suite or additional bedrooms should be verified with the seller or listing agent.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent sold price range from late 2020 (23.5k-26.5k) and current market conditions will be stronger indicators of the actual listing price, which is expected to be higher than the assessed figure.
3. What is the condition of the main and upper floors?
Given the basement renovation and the home's age, understanding the update level of the main living areas, kitchen, bathrooms, and the half-storey upstairs is crucial. An inspection is recommended to assess the roof, wiring, plumbing, and foundation.
4. Is the lot size a benefit for future expansion?
The larger-than-average lot for the street offers valuable outdoor space. It may also provide potential for future additions, a garden, or a shed, subject to local zoning bylaws.
5. How does the detached garage function?
It's important to check the garage's size, condition, and utility. Consider whether it fits a modern vehicle, has power, or requires repairs, as this impacts its value as a parking or storage solution.