Property Overview: 339 Greenwood Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 804 sqft bungalow, built in 1972, presents a straightforward opportunity in Winnipeg's Meadowood neighbourhood. Its primary appeal lies in its proportionally large, 5,204 sqft lot, which ranks in the top 20% for size on Greenwood Avenue. This offers valuable outdoor space and potential not found in many similarly priced homes. The assessed value is consistently around the median for its immediate area, suggesting it is priced in line with local expectations.
The home’s living area is notably compact, ranking below average for the street, area, and city. This creates a clear profile: a property where the land is a more significant feature than the existing footprint. It would suit a first-time buyer comfortable with a modest-sized home who prioritizes yard space, a downsizer looking for manageable living with room for a garden, or an investor seeing long-term potential in the lot itself. Its average assessed value for the area indicates it’s a typical entry point into the neighbourhood, not an over-improved or luxury offering.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Built in 1972, the home is over 50 years old. While systems like the roof, furnace, and windows may have been updated over time, a buyer should budget for modernizations and be prepared for the maintenance typical of a home of this age.
2. How does the lot size compare to others nearby?
The lot is a key feature. At over 5,200 sqft, it is larger than the average lot on Greenwood Avenue and in the Meadowood area, offering more private outdoor space than many neighbouring properties.
3. What is the neighbourhood like?
Meadood is a mature, established neighbourhood. The property's assessed value is very typical for the area, indicating it fits within the community's existing housing profile rather than standing out as an anomaly.
4. Why is the living area considered below average?
At 804 sqft, the home's interior is smaller than most comparable homes on its street, in Meadowood, and across Winnipeg. This emphasizes a functional, efficient layout rather than spaciousness.
5. How can I find out the exact historical sale price?
The listed sale price ranges are based on public data. To obtain the precise sale price from its last transaction, you must request it directly via the email service provided on the listing page.