Property Overview
166 Greene Avenue is a one-and-a-half storey home in Winnipeg's Kildonan Drive area, built in 1946. It features a renovated basement and a detached garage on a 5,019 sqft lot. With 1,050 sqft of living space and a recent assessed value of $30,900, it presents as a practical, no-frills property.
Key Characteristics & Appeal
This home’s primary appeal lies in its solid fundamentals and relative value within its immediate neighborhood. The lot size is notably above average for Greene Avenue, offering more outdoor space than many nearby properties—a significant plus for gardeners, families, or those who value privacy. The renovated basement adds functional living space without the need for immediate work.
Its assessed value and recent sold prices position it as an accessible entry point into the area, particularly suited for first-time homebuyers, downsizers, or practical investors. The detached garage is a valuable asset for storage, hobbies, or vehicle protection. A thoughtful perspective is that this property represents a "blank canvas" opportunity: it’s a structurally sound post-war home on a good lot, allowing new owners to tailor updates to their own taste and budget over time, rather than paying a premium for recently completed renovations they might not have chosen.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value is around the city-wide average but is below the average for the broader Kildonan Drive area. On its own street, it ranks near the middle, suggesting it is priced consistently with its most direct comparables.
2. What is the significance of the lot size?
At over 5,000 sqft, the lot is larger than most on Greene Avenue. This is a key advantage, providing more yard space and potential for outdoor use or future additions, subject to local zoning.
3. What should I know about a home built in 1946?
While the basement has been renovated, the core structure is 80 years old. Prospective buyers should budget for and prioritize a thorough inspection of major aging components, such as the roof, foundation, plumbing, and electrical systems, to understand any needed updates.
4. How stable is the property’s value based on recent sales?
The home sold in 2022 and again in 2019. The price increase between those sales is consistent with broader market trends of the time, indicating it has maintained market value without extreme fluctuation.
5. Who would this property suit best?
It is ideally suited for a value-conscious buyer—such as a first-time purchaser, a downsizer, or a long-term investor—who prioritizes a generous lot and a functional layout over modern finishes and is prepared to manage the maintenance of an older home.