Property Overview: 596 Greenwood Place, Winnipeg
Key Characteristics & Appeal
This is a compact, historic home built in 1931, situated on a modest lot in the Minto neighbourhood. Its primary characteristic is its scale: at 758 sq ft of living area, it is notably smaller than most homes on its street, in Minto, and across Winnipeg. The lot size of 2,301 sq ft follows a similar pattern, ranking in the bottom tier for land area in all comparisons. The assessed value is significantly below average, reflecting its size and likely simpler condition.
The appeal lies in its position as a true entry-point property. Its low assessed value suggests correspondingly lower property taxes, making it a financially accessible option. For the right buyer, the smaller scale translates to minimal upkeep and lower utility costs. It suits first-time buyers seeking a foothold in the market, investors looking for a straightforward rental property, or downsizers who prioritize simplicity and cost-efficiency over space. A less obvious perspective is that a home of this vintage and size on a smaller lot may represent a lower-risk opportunity for personalization or a gentle renovation, without the overwhelming scope and cost of a larger, more complex project.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based primarily on the home's characteristics, including its smaller square footage, modest lot size, and age. It is not a direct market valuation but reflects its standing relative to other properties for taxation purposes.
2. What does the "sold price" range for 2020 indicate?
The listed range of CA$200k–250k from its 2020 sale provides a historical benchmark. It shows the home transacted at a price point consistent with its below-average assessment, offering context for its market positioning.
3. How should I interpret the ranking data for living area and lot size?
The rankings (e.g., "Top 92%" for living area on its street) indicate the property's position relative to peers. A "Top 92%" rank means approximately 92% of comparable properties are larger. This quantifies that this home is indeed one of the smallest in its immediate and broader context.
4. What are the practical implications of such a small lot?
A 2,301 sq ft lot offers limited outdoor space for expansions, large gardens, or extensive landscaping. However, it also means less yard maintenance and can contribute to a lower purchase price and property taxes.
5. You mention "exact sold price history" is available by email. Why isn't it listed publicly?
Sold price data in Manitoba is not part of a publicly accessible database. The provided ranges are estimated from available public records. The exact price can be confirmed through a manual search of non-public sources, which the service offers to perform upon request.