Property Overview: 503 Greenacre Boulevard, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Winnipeg's Kirkfield neighbourhood, built in 1948. With 1,018 square feet of living space, it sits on a generous, nearly 6,000 sqft lot and includes a detached garage. The basement is noted as unrenovated. The data presents a home that is modest in both size and assessed value compared to its immediate street and area, yet it offers a solid footprint and a lot size that is closer to the city-wide average.
Its primary appeal lies in its potential and position as an entry point into the market. For buyers comfortable with a home that may require updates—particularly the basement—it represents a canvas to add value. The lot size is a significant asset, offering ample outdoor space for gardening, play, or expansion relative to many city properties. It would suit a first-time homebuyer, a hands-on investor looking for a "value-add" opportunity, or someone seeking a manageable home with room to grow outdoors rather than indoors. A less obvious perspective is that its below-average metrics for the area might translate into a relatively lower property tax burden, while still providing access to the established Kirkfield community.
Frequently Asked Questions
1. What does "below average" for assessed value in the area mean for me?
It indicates the city's assessed value for this property is lower than most homes in Kirkfield. This can suggest a more affordable entry point into the neighbourhood, but it's essential to determine if this reflects market conditions, the home's condition, or a combination of both.
2. Is the unrenovated basement finished?
The listing specifies it is "not renovated." This typically means the basement is in original or utilitarian condition, likely lacking finished living spaces. Buyers should budget for potential updates and include an inspection to assess its foundation and systems.
3. How does the lot size compare practically?
At 5,945 sqft, the lot is larger than over 65% of properties city-wide. This is a standout feature, offering more private outdoor space than many modern lots, which is valuable for families, pets, or anyone prioritizing a garden or yard.
4. The home is older than most on the street. Should I be concerned?
A 1948 build requires a diligent home inspection. While it may need updates to wiring, plumbing, or insulation, well-maintained homes of this era often feature solid construction and character. Its age contributes to its lower comparative assessment.
5. Why is the exact sold price history not publicly listed?
The seller provides a sold price range based on public data. To receive the precise historical sale figure, you must request it via email from the listing service. This is a manual process they use to verify serious inquiries.