Property Overview: 245 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This Rossmere-B bungalow presents a distinct profile defined by its modern build date within an established neighborhood. At 806 sq ft, its living space is notably compact compared to area averages, suggesting a streamlined, efficient layout. The lot size is also smaller than most in the area. However, its primary advantage is its age: built in 2005, it ranks among the newest 3% of homes on its street and in Rossmere-B. This translates to a likely reduction in immediate major repair needs and potentially modern building standards. The assessed value of $318k is consistent with area averages, indicating the market recognizes this balance of smaller size with newer construction.
The appeal lies in this very balance. It suits a buyer seeking the stability and character of an older neighborhood but with the practical benefits of a 21st-century home. It’s a practical choice for first-time homeowners, downsizers, or investors looking for a modern, low-maintenance property. A thoughtful perspective is that the smaller footprint can mean lower utility costs, less upkeep, and a focused living environment, which can be a significant advantage over larger, older homes that may require costly updates.
Frequently Asked Questions
1. Is the smaller living area a concern?
While below average in size, the efficient layout of a newer build (2005) can often make better use of space than older, larger homes. It’s ideal for those wanting a cozy, manageable space without excess rooms to heat or maintain.
2. How does the 2005 build date affect value and maintenance?
This is the home's standout feature. Being significantly newer than most neighbors means major components like the roof, windows, and mechanical systems are likely in good condition, potentially saving thousands in near-term replacement costs compared to a mid-century home.
3. The lot is smaller than average. What does that mean for me?
The smaller lot requires less yard work, which is a plus for those seeking low-maintenance living. It may limit extensive landscaping or expansion possibilities but offers a manageable outdoor space.
4. The assessed value is around the area average. Is that fair for a smaller, newer home?
The assessment reflects a trade-off: the premium for modern construction and lower maintenance offsets the smaller square footage and lot size. It suggests the property is priced in line with its unique mix of attributes in the local market.
5. What can the prior sale price tell me?
The home sold between $300k-$350k in early 2021. This provides a historical benchmark, but market conditions have shifted since. For precise, verified sale history, you must request a manual lookup from the site.