Property Overview: 626 Greenwood Place, Winnipeg
Key Characteristics & Appeal
This home at 626 Greenwood Place in the Minto neighbourhood presents a distinct profile defined by its contrasts. Built in 1914, it is a century-old character home, which is notably older than most houses on its street and across Winnipeg. Its primary appeal lies in its generous 1,462 sqft of living space, which ranks well above average for both the immediate area and the broader Minto neighbourhood, suggesting a spacious interior uncommon for the locale.
The property sits on a 3,806 sqft lot. While this is below the average for Greenwood Place itself, it is actually larger than most lots in Minto, offering a decent outdoor space for an established inner-city community. A thoughtful perspective is that this home represents a specific value proposition: it trades newer construction and a premium street lot size for significantly more interior space and a lot that still holds its own within the wider neighbourhood. The assessed value sits below the street average but above the Minto average, hinting at a potentially efficient entry point into a character home with ample room.
This property would best suit a buyer who values interior space and character over a modern build, and who is prepared for the maintenance considerations of a 112-year-old home. It’s a practical choice for those seeking room to grow in a mature neighbourhood without paying a premium for a larger lot.
Frequently Asked Questions
1. How does the age of the home affect its value and appeal?
While its 1914 construction places it below average in age rankings, this also means it is a genuine character home. Buyers should factor in potential maintenance or renovation needs common with older properties, but also the charm and build quality of that era.
2. The assessed value seems low compared to city averages. What does this indicate?
The assessed value is for municipal tax purposes and is not market value. Its position—below the street average but above the neighbourhood average—suggests the city assesses it as a solid, mid-tier property within Minto, which may influence property taxes.
3. Is the lot size a drawback?
It depends on your priorities. The lot is smaller than others on Greenwood Place but is larger than the typical lot in Minto. You are getting a better-than-average lot for the neighbourhood, just not for that specific street.
4. The home last sold between $250k-$300k in 2017. How useful is that price today?
It provides historical context, but the market has likely changed significantly since 2017. For an exact sale price, you can request it via email from the site, which is a service they provide to ensure accuracy.
5. How does the living area compare to nearby homes for sale?
The living area is a key strength. It is significantly larger than the average home in Minto (1,060 sqft) and on its street (1,263 sqft), meaning you likely get more interior space here than in many comparable listings in the area.