Property Overview: 338 Greene Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1953-built home in Rossmere-B presents a straightforward, value-oriented opportunity. At 886 sqft, its living space is modest and below averages for the street, neighborhood, and city, indicating a compact, efficient layout. The lot size of 4,999 sqft is typical for the area. The primary standout is its assessed value of $344k, which ranks above average for both Greene Avenue and Rossmere-B, suggesting the property is assessed more favorably than many direct comparables. It last sold in mid-2021 for an estimated $300k–$350k.
The appeal lies in its positional value within a stable, established neighborhood. It suits a practical, budget-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes a lower entry point into the Winnipeg market over square footage. The data implies you may be paying more for the property's specific lot and location value than for its interior size. A thoughtful perspective is that a smaller home on a standard lot can offer lower utility costs and less maintenance, while leaving room for a future expansion, if desired, subject to approvals.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
Not directly. While this home's assessment is above its immediate area averages, market price is determined by current buyer demand, condition, and recent sales. The assessment is a snapshot for taxation purposes.
2. The house seems smaller than others. Is it a full-sized home?
At 886 sqft, it is a compact bungalow, common for its era. It is smaller than many homes on the street (avg. 1,033 sqft) and in Winnipeg overall. Buyers should verify the room count and layout to ensure it meets their space needs.
3. What does the sale history tell us?
It sold between $300k and $350k in June 2021. Market conditions have shifted since then, so that price is a historical data point, not a current valuation. The exact sale price can be requested from the site.
4. How does the lot size compare?
The 4,999 sqft lot is very close to the street average (4,905 sqft). It's a standard residential lot for the area, not unusually large or small.
5. The home was built in 1953. What should I be concerned about?
As with any home of this age, the condition of major systems (roof, wiring, plumbing, foundation) and potential for asbestos or lead paint should be investigated. A thorough home inspection is essential.