Property Overview & Key Characteristics
This home at 616 Greenwood Place in Winnipeg's Minto neighbourhood presents a distinct profile defined by its contrasts. Its primary appeal lies in its generous living space. At 1,594 sqft, the home is significantly larger than most in both the immediate area and the wider city, offering above-average interior room. This is balanced by a smaller, more manageable lot of 2,788 sqft. Built in 1914, the property is a century home, which suggests potential for classic architectural character but also implies a need for diligent maintenance and potential updates.
The data reveals a thoughtful perspective: this home excels where it counts for daily living (interior space) while minimizing exterior upkeep (smaller lot). It sits in a neighbourhood where its assessed value is actually above average, suggesting it may be a comparatively strong value within Minto itself. This property would suit a buyer looking for spacious interiors in an established neighbourhood without the burden of a large yard. It’s ideal for someone who appreciates older home charm and is prepared for the stewardship a 112-year-old house requires, or for an investor who sees value in the significant living area relative to its assessment.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $27,700 is for municipal tax purposes. The last known sold price was between $300k-$350k in 2021, which is a better indicator of market value. Always consult a current market evaluation.
2. What does the older year of built (1914) mean for me?
It means you are buying a century home. This can offer unique character and solid construction, but it typically requires a thorough inspection for foundational integrity, outdated wiring or plumbing, and energy efficiency. Budgeting for ongoing maintenance is essential.
3. The living area is large, but the lot size is small. What's the trade-off?
The trade-off is less outdoor space for private yards or expansions, which is common on older city lots. The benefit is significantly more indoor living space than neighbouring homes and likely less time and money spent on yard maintenance.
4. How does this property rank compared to others?
Its standout feature is living area, ranking in the top 7% for size within the Minto area. Its lot size is smaller than most on its street. Notably, while its assessed value is below average city-wide, it ranks above average within Minto, suggesting it may be a relative value in its specific locale.
5. How can I find out the exact past sold price?
The provided sold price is a range from public data. The listing indicates you can email their service to request the exact, verified sold price history, which they provide manually without using your email for marketing.