24 Greene Avenue

Property Overview: 24 Greene Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home on Greene Avenue in the Kildonan Drive neighbourhood presents a compelling blend of space, value, and established community living. Built in 1949, its key features include a renovated basement, a detached garage, and a generous 5,028 sqft lot. The home’s 1,287 sqft living area is notably above average for its immediate street, offering more interior space than most comparable homes nearby.

The appeal lies in its strong value proposition within its micro-market. The property’s assessed value ranks in the elite top 5% on Greene Avenue itself, suggesting it is viewed as a premium property on its block relative to peers. This indicates a well-maintained or improved home in a stable, established area. The renovated basement adds functional living space, a significant asset for a home of this era.

This property would suit a buyer looking for a character home in a mature neighbourhood who values a larger-than-average lot and has an appreciation for a house that stands out positively on its own street in terms of both size and assessed value. It’s ideal for someone who wants move-in-ready space (thanks to the basement renovation) without needing to be in a newer subdivision.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home last sold in late 2020 for an estimated $33.5k–$36.5k. Its current assessed value is $38.40k. This increase aligns with broader market trends, and the assessment being in the top 5% on the street suggests municipal evaluators see substantial value in the property.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or secondary living space to understand its full utility and value.

3. Is the lot size a benefit for this area?
At over 5,000 sqft, the lot is above average for Greene Avenue. This offers more private outdoor space, potential for gardening, or room for additions like a shed or deck, which can be a rarity in older, established neighbourhoods.

4. What are the implications of the home's age (1949)?
While the structure is 77 years old, the renovated basement shows some updates. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, electrical, and foundation.

5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the listing, you can provide your email address to the service to request the precise figure manually. They state they do not use contact information for unsolicited marketing.