Property Overview: 305 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This home at 305 Greene Avenue in Rossmere-B stands out for its exceptionally generous living space. At 2,294 square feet, it ranks in the top 1% of homes on its street and in its neighborhood for size, offering more than double the average area of nearby properties. This makes it a rare find for buyers seeking ample room without moving to a newer suburb. Its assessed value of $577k is also elite for the immediate area, placing it in the top 1%, suggesting a home that is both larger and likely finished to a higher standard than its peers. Built in 1953, the home is of a typical vintage for the street, meaning its appeal lies in its size and condition rather than modern construction. The lot size is consistent with the neighborhood average.
The primary appeal is clear: maximum interior space in a well-established neighborhood. It perfectly suits growing families, multi-generational households, or anyone who prioritizes spacious living areas over a large yard. It’s also an ideal fit for buyers looking for a home that already ranks at the top of its local market in terms of value and size, potentially offering a sense of long-term stability and equity.
Frequently Asked Questions
1. How does the sold price from 2017 relate to today’s value?
The home sold for between $500,000 and $550,000 in late 2017. Given that its current assessed value is $577,000, this indicates significant appreciation. However, for an accurate current market value, a professional appraisal or comparative market analysis is necessary.
2. Is the high assessed value a benefit or a drawback?
It’s a double-edged sword. It reflects the home’s elite standing and investment in the property, which is positive for equity. However, it typically correlates with higher property taxes compared to neighboring homes.
3. What does the "average" year built mean for renovations?
Built in 1953, the home is of a common age for the area. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, which is a standard consideration for homes of this era.
4. The home is much larger than others nearby. What should I consider?
This is its greatest asset, but it’s wise to investigate why. Was it a well-executed addition? Does the floor plan flow well despite the size? Also, ensure such a large home doesn’t feel out of scale or crowd the standard-sized lot.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges. To get exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS due to industry rules. They state the information will be provided without using your email for marketing.