Property Overview: 32 Greendell Avenue, Winnipeg
Key Characteristics & Appeal
This home at 32 Greendell Avenue in Minnetonka is a post-war bungalow built in 1947, offering a practical layout with 1,117 sqft of living space. Its standout feature is the generous 8,801 sqft lot, which is notably larger than most properties in both the wider area and across Winnipeg, providing ample outdoor space and potential. The home’s assessed value is modest and in line with its immediate street, suggesting a manageable entry point into the market.
The appeal here is grounded in value and potential. The lot size is a significant asset for buyers interested in gardening, outdoor recreation, or future expansion. While the living area is more compact compared to some neighbours, the property represents a classic "land value" proposition. It would suit first-time buyers or practical downsizers looking for an affordable home with a sizable yard in an established neighbourhood, without the premium of a newer build. A thoughtful buyer might see the older vintage as a chance to customize over time, while appreciating that its core metrics are generally average or better for the area, indicating a stable, no-surprises investment.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,117 sqft, the living area is somewhat smaller than the average home on Greendell Avenue but is around the middle range for the broader Minnetonka area.
2. Is the lot size unusual for Winnipeg?
Yes. The lot of 8,801 sqft ranks in the top 9% city-wide, meaning it's significantly larger than over 90% of comparable residential lots in Winnipeg.
3. What does the sold price history indicate?
Records show it last sold between CA$300k–350k in 2020. The data indicates that sale was above average for the street but around the middle range for the city at that time.
4. The home was built in 1947. What should I consider?
As a home nearing 80 years old, a thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation. This vintage also offers the character and solid construction of its era.
5. How is the assessed value determined, and why is it much lower than the last sale price?
The assessed value (currently $40,800) is for municipal tax purposes and is based on a mass appraisal system. It often lags behind the current market value, which is driven by recent sales, demand, and condition. The last sold price is a far better indicator of its actual market value.