Property Overview: 117 Greenwood Avenue
Key Characteristics & Buyer Appeal
This 1971-built home on a 5,197 sqft lot presents a practical and competitively positioned offering in the Vista neighborhood. Its 957 sqft living area is modest, ranking below the citywide average, which suggests a more manageable, efficient layout that prioritizes function over sheer size. The appeal here is grounded in value and potential. With an assessed value of $354k that sits comfortably around the average for its own street and citywide, it represents a stable entry point into the market. The lot size is a notable asset, being larger than most on Greenwood Avenue, offering valuable outdoor space relative to its immediate surroundings.
This property would suit first-time buyers or downsizers looking for a lower-maintenance footprint without sacrificing yard space. It’s also a sensible candidate for value-conscious investors or buyers who see potential in a home that is priced squarely within its market tier, rather than at a premium. A thoughtful perspective is that its "around average" metrics across several categories indicate a home less likely to be part of a bidding war, offering a more measured purchasing opportunity for those who prioritize a balanced investment over standout luxury or size.
Frequently Asked Questions
1. Is the living area too small?
While the 957 sqft living area is below the Winnipeg average, it is quite typical for the immediate street and neighborhood. This indicates an efficient layout common to the area and may result in lower utility costs and upkeep.
2. How does the assessed value impact the likely selling price?
The assessed value of $354k is a municipal calculation for tax purposes. Its alignment with street and city averages suggests the home is not dramatically over- or under-valued in the current tax framework, but the market sale price will be determined by recent comparable sales, condition, and buyer demand.
3. What does the lot size ranking mean?
The lot is larger than many on Greenwood Avenue itself. While it's around average for the wider city, this means you're getting more outdoor space relative to your direct neighbors, which can be a privacy or gardening advantage.
4. Is the 1971 build date a concern?
The year built is unremarkable compared to local and city averages. It doesn't indicate a particularly historic or new home. The key will be the condition of major systems (roof, wiring, plumbing) and updates made since, which are typical for homes of this era.
5. How should I interpret these neighborhood rankings?
The rankings show the property's position relative to comparable homes. Here, the data paints a picture of a home that is very typical and integrated into its immediate street scene (Greenwood Avenue), while being a more modest offering within the broader Vista neighborhood context. It’s a solid, average performer in its micro-location.