Property Overview: 68 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a generously sized lot in the Kildonan Drive neighbourhood. Its primary appeal lies in its balance of a modest, renovated living space with a substantial and above-average land area for its immediate street. With 762 sqft of living space, the home is significantly smaller than area averages, suggesting a efficient, low-maintenance interior footprint. The detached garage and renovated basement add practical utility.
The property’s standout feature is its 5,025 sqft lot, which ranks in the top 19% on Greene Avenue. This presents a notable opportunity for expansion, gardening, or outdoor living relative to nearby homes. The assessed value is consistent with the local street average, indicating a stable, entry-level valuation in the market.
This home would best suit first-time buyers, downsizers, or investors seeking a property where the value is anchored more in the land than the structure. It’s for those who prioritize lower property taxes (reflected in the assessment) and see potential in the sizable yard over requiring ample finished indoor space. A thoughtful perspective is that this property offers a chance to own a proportionally large lot in an established neighbourhood without the premium typically attached to larger homes, making it a strategic entry point.
Frequently Asked Questions
1. Is the house in move-in condition?
The listing notes a renovated basement, but the condition of the main living area is not detailed. Given the age and smaller size of the home, prospective buyers should budget for potential updates to systems, kitchen, or bathroom to align with modern expectations.
2. Why is the assessed value relatively low compared to the city average?
The assessed value of approximately $30,600 is based on municipal evaluation, which heavily considers the home's smaller square footage and age. It is, however, squarely average for Greene Avenue itself, reflecting the local market conditions.
3. What are the advantages of such a large lot?
The lot size of over 5,000 sqft is a key asset. It provides ample private outdoor space, room for additions like a deck or shed, and future potential for expansion of the home itself, subject to zoning bylaws.
4. How does the sold history inform the current value?
The home sold in July 2021 for an estimated range of $32,500-$35,500. This recent sale price, close to the current assessed value, provides a concrete benchmark for the property's market value in the recent past.
5. What is the neighbourhood like?
Located in Kildonan Drive, it's an established, mature neighbourhood. The proximity of other homes on Greene Avenue and similar, consistently valued properties nearby suggests a stable, community-oriented street.