Property Overview: 563 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-B home, built in 1956, presents a solid, mid-century property with a practical footprint. Its key appeal lies in its balance of above-average valuation within a well-established neighborhood, paired with a manageable scale. At 1,052 sqft, the living space is very close to the area average, offering a comfortable size for smaller households. A notable strength is its assessed value for taxes ($359,000), which ranks in the top 10% for both its street and the broader Rossmere-B community, suggesting the property is viewed favorably relative to its immediate peers.
The lot size, at 4,190 sqft, is below average for the area, which translates to less yard maintenance—a potential upside for buyers seeking a lower-upkeep outdoor space. The home’s 2024 sale price indicates steady market demand and appreciation since its last sale in 2019.
This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a stable entry into a mature Winnipeg neighborhood. It’s for those who prioritize value retention and community standing over expansive square footage or large lots. A thoughtful perspective is that its higher assessment within the local context could signal better-than-average finishes or updates for its vintage, or simply a premium location within the block, making a detailed interior inspection particularly valuable.
Section 2: Frequently Asked Questions
1. How does the below-average lot size impact this property?
While the lot is smaller than many in Rossmere-B, it offers easier maintenance and may result in lower landscaping costs and time commitment. It’s a practical trade-off that can be appealing for those not seeking extensive outdoor space.
2. The assessed value is in the top 10% for the area, but the home isn't the largest. Why?
A higher assessment relative to nearby homes often reflects factors beyond pure size, such as property condition, specific upgrades, a desirable position on the street, or outbuildings like a garage. It indicates the municipal assessor sees added value here.
3. What does the sale history tell us about the home's market performance?
The home sold between $350,000-$400,000 in 2024, up from the $300,000-$350,000 range in 2019. This shows consistent demand and price growth in line with or slightly exceeding broader market trends for similar properties.
4. Is a 1956-built home a concern?
The build year (1956) is newer than many on its street and in the community. While systems like plumbing, electrical, and the roof will require due diligence, the home is from an era of solid construction common in Winnipeg’s established neighborhoods.
5. Who are the most logical buyers for this specific home?
Given its size and layout, it’s an ideal match for first-time homeowners, empty-nesters looking to downsize, or an investor seeking a stable, single-family rental in a family-oriented community. Its scale is less suited for those needing multiple large bedrooms or extensive living areas.