Property Overview: 23 Greenlea Cove, Winnipeg
Key Characteristics & Appeal
This 1975-built home in River East presents a solid, grounded opportunity in the Winnipeg market. Its primary appeal lies in offering above-average space and land for its immediate area, providing a sense of value and room to breathe that can be harder to find in newer subdivisions. With 1,120 sqft of living area and a notably generous 7,983 sqft lot, it ranks in the top tier of its own street for both land size and the relative newness of its build year. The assessed value of $379k is modestly above the street average, suggesting a well-regarded position within this specific enclave of Greenlea Cove.
The property suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize lot size and established neighborhood character over a brand-new build. It’s a home for someone who sees potential in a late-20th-century house and values a larger outdoor space for gardening, children, or pets. A thoughtful perspective is that while the home’s metrics are average compared to wider Winnipeg, it stands out on its own street, indicating a desirable micro-location within River East. The data suggests you’re buying into one of the better-located and more spacious properties on the block, which can be a smart long-term play.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $300k-$350k in late 2019. The current assessed value of $379k is above the street average, indicating perceived growth. For exact, verified sale figures, a manual lookup is required.
2. Is the lot size a significant advantage?
Yes. The lot is over 30% larger than the street average and ranks in the top 11% city-wide for comparable homes. This offers more privacy, yard space, and potential than most similar properties.
3. The home was built in 1975. What should I consider?
While its 1975 build date is the newest on the street, it will likely require updates common to homes of that era, such as windows, roofing, or interior finishes. A thorough inspection is advised.
4. Are the property taxes likely to be high?
The assessed value is above the street average but slightly below the neighborhood average. Taxes would be calculated based on this assessment and the city’s mill rate, likely falling in a mid-range for the area.
5. The living area is just above average for the street but below the city average. What does this mean for daily living?
It indicates a comfortable size for the immediate area, but the floor plan’s efficiency and the generous lot may offset any feeling of a smaller interior. It’s well-suited for a smaller household or those who spend significant time outdoors.