Property Overview: 139 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, presents a practical opportunity in Winnipeg's Kildonan Drive area. Its key characteristics include 1,004 sqft of living space, a full (but unrenovated) basement, and no garage. The assessed value is notably low at $28,800, which is well below area averages.
The primary appeal lies in its value proposition and lot size. The home sits on a 5,020 sqft lot, which is larger than most on its street, offering potential for outdoor space or future expansion that many neighbouring properties cannot. Its recent 2022 sale price range ($19.5k - $22.5k) and current low assessment suggest it is an accessible entry point into the market.
This property would best suit a specific type of buyer: a hands-on purchaser looking for a foundational investment, whether as a first home with renovation plans, a hold property, or for its land value. It is less suited for those seeking move-in-ready finishes or attached parking. A thoughtful perspective is that while the home itself is modest, its above-average lot size for the immediate block provides a subtle advantage not reflected in its assessment, offering a degree of future flexibility that is increasingly rare in this price segment.
Frequently Asked Questions
1. What does the low assessed value indicate?
It primarily indicates that the property is valued well below the average home in Winnipeg, both in its neighbourhood and city-wide. This often reflects the home's age, condition, and smaller living space, but can result in correspondingly lower property taxes.
2. Is the basement usable?
The listing specifies a basement exists but that it is "not renovated." Buyers should anticipate a raw or utility space that would require investment to finish for living purposes.
3. How does the lot size compare?
At over 5,000 sqft, the lot is actually larger than the average for Greene Avenue. This is a relative strength, providing more yard space than many immediate neighbours, though it is smaller than the broader Kildonan Drive area average.
4. What can be inferred from the 2022 sale price?
The home sold for between $19,500 and $22,500 just a few years ago. This recent history confirms its positioning as a very low-price-point property, and suggests any current asking price would be benchmarked from that level.
5. Who would this property not suit?
It would not suit buyers who need a turn-key home, require garage parking, or are looking for modern square footage. The data shows its living area is below average for the neighbourhood and city, and the lack of a garage and an unfinished basement mean immediate compromises.