Property Overview: 375 Greene Avenue, Winnipeg
Key Characteristics & Target Buyer
This home at 375 Greene Avenue in Rossmere-B is defined by its compact size and value-oriented positioning. Its 636 sqft living area is notably smaller than most comparable homes on its street, in the neighborhood, and across Winnipeg, ranking in the top 98-99% for being below average in size. Built in 1946, it is also older than many surrounding properties. However, its assessed value of $275k reflects this, coming in below area averages. A key feature is the lot size of 4,995 sqft, which is on par with the street average, offering a generous outdoor space relative to the home's footprint.
The primary appeal lies in its affordability and land potential. It represents a lower-cost entry point into the Rossmere-B neighborhood, suitable for a first-time buyer, an investor, or someone seeking a minimalist footprint. The sizable lot presents opportunities not always available at this price point, whether for gardening, expansion, or future redevelopment. It’s a property for a practical buyer who prioritizes location and land over interior space and is comfortable with a home that requires personalization or updates.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a compact, character home built in the post-war era. Its size reflects housing styles and needs from that period, offering efficient use of space compared to larger, more modern floorplans.
2. How does the assessed value compare to its last sale price?
Public data shows it last sold between $200k-$250k in September 2021. The current $275k assessment suggests a rise in its taxable value since that sale, which is common in many markets.
3. Is the large lot a major advantage?
Yes. In a neighborhood where lot sizes are typically around 5,000 sqft, this property maintains that standard. This means you get the same outdoor space as neighbors with larger houses, which is a valuable asset for privacy, recreation, or future projects.
4. What should I consider about the home's age?
Built in 1946, the home may have older building materials and systems. A thorough inspection is advised to understand the condition of the roof, foundation, plumbing, and wiring, and to budget for any necessary updates or maintenance.
5. Who would this property not suit well?
It may not be ideal for a growing family needing multiple bedrooms or ample indoor living space, or for buyers seeking a move-in-ready home with modern, open-concept layouts without a renovation project.