Property Overview: 325 Greene Avenue
Key Characteristics & Appeal
This 746 sqft bungalow at 325 Greene Avenue is a compact, post-war home built in 1958, situated on a 3,791 sqft lot in Winnipeg's Rossmere-B neighborhood. Its key characteristic is its efficiency: it is notably smaller in both living space and lot size compared to most homes on its street, in the area, and across the city. The assessed value of $277k is also below local averages, positioning it as a more accessible entry point into the market.
The appeal lies in this value proposition. It suits first-time buyers or downsizers seeking a lower-cost foothold in a stable neighborhood without the upkeep of a larger property. A thoughtful perspective is that its smaller scale could mean lower utility costs and less maintenance, offering a simpler, more manageable lifestyle. Its year of build is actually newer than many immediate neighbors, suggesting it may have benefited from slightly updated construction methods for its era. It’s a practical choice for those prioritizing financial efficiency and cozy living over spaciousness.
Frequently Asked Questions
1. Is the below-average size a major drawback?
Not necessarily. While the living area is compact, it represents an opportunity for buyers comfortable with efficient layouts or those looking for a lower-maintenance home. It reflects a different lifestyle priority rather than just a limitation.
2. How does the assessed value compare to recent sale prices?
The home sold between $250k-$300k in late 2020. Its current assessed value of $277k sits within that range, suggesting a stable valuation in line with its last transaction, though a professional appraisal is recommended for the current market.
3. What does the "newer" year built (1958) mean for me?
Being built several years after many neighbors (street average is 1952) could imply potentially newer components in the original build, like wiring or plumbing, though the condition of all systems depends entirely on subsequent updates and maintenance.
4. Who would this property not suit well?
It would likely not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire extensive outdoor space for gardening or recreation, given the smaller lot size.
5. How can I verify the exact historical sale price?
The provided data shows a price range. Due to industry rules, exact sale figures are not published online here. You can request the precise sale history by emailing the site directly for a manual lookup.