Property Overview
This 1953 home on Greene Avenue in Rossmere-B presents a practical opportunity in Winnipeg's housing market. Its key appeal lies in its efficient size and relative affordability within an established neighborhood. At 1,170 square feet, the living area is notably above the average for both its immediate street and the Rossmere-B area, suggesting a well-proportioned interior for a home of its era. However, its assessed value of approximately $286k sits below local averages, indicating a potentially accessible entry point.
The property would suit first-time buyers or practical investors looking for a solid, no-frills home in a stable neighborhood. Its lot size is smaller than others nearby, which could mean less yard maintenance—a plus for some—but may limit expansion possibilities. The home's age is typical for the area, so buyers should be prepared for the potential upkeep common to houses from the 1950s. A thoughtful perspective is that this home represents a balance: you're getting more interior space than many neighbors, but on a smaller parcel of land, prioritizing the house itself over the yard.
Frequently Asked Questions
1. How does the home's value compare to recent sale prices?
Public data shows it last sold in late 2020 for an estimated $250k-$300k. Its current assessed value is within that range, suggesting stability rather than dramatic appreciation in the last few years.
2. Is the living space larger than other homes nearby?
Yes. At 1,170 sq ft, it ranks in the top 20% for living area on its street and in the Rossmere-B neighborhood, where averages are 1,033 sq ft and 1,047 sq ft respectively.
3. Why is the assessed value below neighborhood and city averages?
While the living space is generous, the assessed value is influenced by multiple factors, including the smaller-than-average lot size (4,370 sq ft) and the home's age. It positions the property as a more affordable option in its area.
4. What are the comparable homes like?
Nearby homes on Greene and adjacent streets are mostly from the same period (early 1950s), with similar or slightly smaller living areas. Their assessed values, however, often range between $300k and $315k, making this property's assessment competitive.
5. Where can I see more detailed neighborhood comparisons?
A full neighborhood analysis map is available, allowing you to visually compare this property with others on factors like year built, lot size, and value directly on a street map.