Property Overview: 433 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1955, presents a straightforward opportunity in Winnipeg's Rossmere-B neighborhood. Its primary appeal lies in its position as a more affordable entry point into a stable, established area. With an assessed value notably below area and city averages, it offers a lower property tax base and a accessible purchase price, as reflected in its recent sale between $250k-$300k.
The home suits first-time buyers, downsizers, or investors seeking a functional starter property or rental with manageable upkeep. Its lot size, while below average for the street, is still a decent parcel for a modest garden or outdoor space. A thoughtful perspective is that its smaller living area and value, which rank "below average" in the data, are precisely what create its niche: it's a practical, no-frills option in a market where larger, renovated homes command a significant premium. It’s a property for those who value location and fundamentals over square footage, with the understanding that it may require updates.
Section 2: Frequently Asked Questions
1. Is the smaller living area a concern?
At 820 sqft, the home is cozier than many in Rossmere-B and Winnipeg overall. It's ideal for individuals, couples, or small families who prioritize efficient living and lower utility costs over spaciousness.
2. How does the assessed value affect property taxes?
With an assessed value of $274k—below the neighborhood average—the municipal property tax bill should be proportionally lower, which is a tangible, ongoing financial benefit.
3. What does the "below average" ranking for land area mean?
The lot is approximately 4,000 sqft, which is smaller than many on the street but still provides standard yard space. It means less maintenance but may limit expansion potential compared to larger lots nearby.
4. Are the sold price figures shown exact?
No. The provided sale range (CA$250k–300k) is an estimate from public data. For the exact sale price and full history, you must request a manual lookup from the site, as MLS data is not displayed.
5. The home is older; what should I consider?
Built in 1955, it is typical for the area. A pre-purchase inspection is essential to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era and to budget for any necessary updates or maintenance.