Property Overview: 271 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This 1952-built home in Rossmere-B offers a practical, no-frills entry point into Winnipeg's housing market. At 1,002 sqft on a near-5,000 sqft lot, its size is typical for its immediate street and neighborhood, but sits below the citywide average, indicating a more modest and manageable footprint. The assessed value of $291k is consistently below average at the street, neighborhood, and city level, suggesting a price point that may offer relative affordability within its context.
The primary appeal lies in its position as a standard, established property in a mature neighborhood. It represents a straightforward opportunity without the premium often attached to larger or newer homes. It would suit first-time buyers seeking a lower barrier to entry, practical homeowners who prioritize function over excess space, or investors looking for a stable, average-priced rental property. A thoughtful perspective is that a home ranking solidly "average" in its immediate area can represent a lower-risk, predictable investment, insulated from the volatility that can sometimes affect properties that are outliers in their market.
Frequently Asked Questions
1. Is this home a good value compared to its neighbors?
The data suggests it is priced below the local average. With an assessed value lower than most comparable homes on Greene Avenue and in Rossmere-B, it presents a potentially competitive value proposition within the immediate area.
2. How does the size of this home compare to others in Winnipeg?
The living area is below the Winnipeg average. This means the home offers a more compact layout than many citywide offerings, which could translate to lower utility costs and less maintenance, but may not suit those needing more space.
3. What can the 2019 sale price range tell me?
The previous sale in 2019 fell between $250k-$300k. This provides a historical benchmark, indicating the property's market trajectory and offering context for its current assessed value.
4. How does the lot size compare?
At 4,983 sqft, the lot is very close to the average for Greene Avenue and Rossmere-B. It provides a standard outdoor space for the area, but is smaller than the typical lot across the entire city.
5. The home was built in 1952. What should I consider?
The build date is typical for the street. Buyers should factor in the potential for age-related updates (like roofing, windows, or major systems) common for homes of this era, while also appreciating the established character and mature landscaping of the neighborhood.