Property Summary: 567 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This 1,054 sqft bungalow on a 4,990 sqft lot in Rossmere-B presents a solid, middle-ground opportunity. Built in 1955, it is typical for its street and neighborhood in both age and size. Its primary standout feature is its assessed value of $355k, which ranks in the top 11% for both Greene Avenue and the wider Rossmere-B area, suggesting the property is officially valued higher than many direct comparables. This could indicate desirable updates, a premium lot location, or simply a strong assessment that may be favorable for equity.
The home’s appeal lies in its established neighborhood setting and its performance as a consistent, above-average asset within its immediate community. It suits practical buyers looking for a stable, no-surprises home in a mature area, or those who appreciate a property that holds its value well relative to its neighbors. It’s less suited for buyers seeking a large lot or a modern, recently built home, as it aligns with post-war averages.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. While the $355k assessment is above the local average, recent sales data shows the home sold between $250k-$300k in 2020 and $200k-$250k in 2018. The sale price is determined by the market, not the assessment.
2. How does the lot size compare?
At just under 5,000 sqft, the lot is very typical for the street and neighborhood, but is smaller than the Winnipeg city average for comparable homes.
3. What does the "Around Average" ranking for living area mean?
With 1,054 sqft, this home is squarely in the middle range for the area—neither particularly small nor large. It’s very comparable to many nearby homes, offering standard space expectations.
4. Have nearby homes sold for more or less?
The provided comparisons show a wide range. Nearby assessed values range from $292k to $456k, with living areas from 936 sqft to over 2,300 sqft. This highlights the variety of homes in Rossmere-B, making direct comparison dependent on specific features and condition.
5. How can I find out the exact historical sale prices?
The page indicates that exact sale figures are available through a manual request process via email, as the public data only shows price ranges.