Property Overview: 425 Greene Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1956 home in the Rossmere-B neighbourhood presents a solid, value-oriented opportunity. Its key appeal lies in its strong assessed value relative to its immediate area. With an assessment of approximately $356,000, it ranks in the top 11% of homes on its street and in the neighbourhood, meaning it is considered above average for the local market. The home itself is modest in size at 918 square feet, which is slightly below the averages for the street, neighbourhood, and city, suggesting a more manageable and efficient layout.
The lot size of 4,494 sq ft is also below the local averages, which may appeal to buyers looking for less yard maintenance. A thoughtful perspective is that this property represents a "high-performer in its peer group." While not a large or new home by citywide standards, it stands out positively within its own established community of similar, mid-century homes. It last sold in 2023 for an estimated $350k-$400k, indicating recent market activity. This home would best suit first-time buyers, downsizers, or value-focused investors seeking a well-positioned asset in a stable neighbourhood without paying a premium for extra square footage or land they may not need.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($356k) is strong for the area, the selling price is determined by the current market. The home's last sale in 2023 fell within the $350k-$400k range, providing a recent benchmark.
2. How does the smaller living space compare to nearby homes?
At 918 sq ft, the living area is slightly more compact than many neighbours. This can mean lower utility costs and less upkeep, but it's important to ensure the layout meets your space needs.
3. What does the "above average" ranking for its build year (1956) mean?
This indicates the home is newer than many comparable houses on the street and in Rossmere-B, where average build years are 1952 and 1955, respectively. This could suggest potentially fewer issues related to very aged components.
4. Are there similar homes nearby for comparison?
Yes. Recent comparable listings on nearby streets like Hazel Dell and Leighton Avenue show similar 1950s homes with assessed values ranging from $302k to $355k and living areas typically between 923 and 1,024 sq ft.
5. How can I learn the exact price it last sold for?
The public data shows a range. You can request the exact sold price history directly from the source providing this data, typically by submitting an email request as noted on the details page.