Property Overview: 485 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 485 Greene Avenue in the Rossmere-B neighborhood is a classic, post-war bungalow built in 1944. Its key characteristic is its efficiency and affordability within a well-established community. With 806 square feet of living space and a 4,194 sqft lot, it is notably more compact than area averages, presenting a low-maintenance footprint.
The primary appeal lies in its value proposition. With a municipal assessed value of $298,000—below the Winnipeg average—it represents an accessible entry point into the detached housing market. It suits first-time buyers or investors seeking a straightforward property with lower ongoing tax and utility costs. The lot size, while smaller than the norm, offers manageable outdoor space. A thoughtful perspective for the right buyer is that a smaller, older home like this can offer greater flexibility for energy-efficient retrofits or a tailored renovation without the premium price of a larger, more modern structure.
Section 2: Frequently Asked Questions
1. How does the smaller size compare to nearby homes?
This home's living space (806 sqft) is approximately 20-25% smaller than the typical home in both the Rossmere-B neighborhood and on Greene Avenue itself, placing it in the smaller third of local properties.
2. Is the assessed value a reliable indicator of the likely selling price?
The 2022 recorded sale was between $300,000-$350,000, and the current assessment is $298,000. This suggests the assessment is closely aligned with recent market value, but a professional appraisal and market analysis are recommended for accuracy.
3. What does the 1944 build year mean for maintenance?
As one of the older homes on the street, proactive maintenance is key. Buyers should prioritize a thorough inspection focusing on the roof, foundation, plumbing, and electrical systems common to homes of this era.
4. How can I get exact historical sale prices for this property?
The page notes that precise MLS sale data is restricted. The site operator offers to provide accurate historical sale records manually via email upon request, free of marketing spam.
5. What are comparable homes in the area?
Recent nearby listings with similar assessed values include homes on Roberta, Leighton, and Hazel Dell Avenues, typically offering 900-1,100 sqft of space and built in the mid-1950s, providing useful benchmarks for size, age, and value.