Property Overview: 34 Greene Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1946, situated on a generously sized lot in the Kildonan Drive area. Its key characteristic is a clear trade-off: the living space is notably modest at 762 sq ft, ranking well below average for the area, but the property is set on a land parcel that is above average for its immediate street. The home features a renovated basement and a detached garage. Recent sales data indicates strong value retention.
The appeal lies in its efficiency and lot potential. It suits a specific buyer: those seeking an affordable entry into homeownership, downsizers looking for minimal upkeep without sacrificing outdoor space, or investors seeking a manageable rental property. The renovated basement adds functional living space, making the smaller main floor more viable. A thoughtful perspective is that this property represents a "land play" in an established neighbourhood—the value is anchored more in the property itself than the current structure, offering potential for future expansion or redevelopment (subject to bylaws) that a larger home on a smaller lot might not.
Frequently Asked Questions
1. Is the house too small for practical living?
While the main floor living area is compact, the renovated basement effectively doubles the functional space, making it suitable for individuals, couples, or a small family comfortable with efficient living.
2. How does the assessed value compare to the recent sale price?
The assessed value is approximately $31,200. The home sold in mid-2024 for between $32,500 and $35,500, indicating it sells at or above its city assessment, which is a positive sign of market valuation.
3. What are the implications of the larger lot size?
The lot of over 5,000 sq ft is a standout feature for the street. It provides ample yard space and, importantly, creates potential for future additions, a garden suite, or simply more private outdoor living compared to neighbouring properties.
4. Is the detached garage a benefit or an inconvenience?
This depends on preference. A detached garage offers flexibility (e.g., for a workshop) and can reduce noise in the home, but it means going outside to access your vehicle, which can be a drawback in Winnipeg winters.
5. The home is older; what should I be concerned about?
Built in 1946, major systems like roof, wiring, and plumbing should be carefully inspected. However, the data shows the home's age is typical for the area, and the renovated basement suggests some updates have been made.