Property Overview: 409 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Rossmere-B offers a compelling mix of modern convenience and established neighborhood character. Its primary appeal lies in its exceptional newness relative to the area. With a construction year ranking in the top 1% of its street and neighborhood, it promises contemporary building standards, energy efficiency, and minimal immediate maintenance, a stark contrast to the area's predominantly 1950s-era housing stock.
The 1,200 sqft living area is thoughtfully above average for both the street and neighborhood (top 16%), offering comfortable space without being excessive. The assessed value of $355k is also strong for the immediate area, ranking in the top 11%. This creates a value proposition of a modern, move-in-ready home in a mature community.
However, the property features a notably smaller lot size (2,497 sqft), ranking in the bottom 3-4% for the street, neighborhood, and city. This positions it as a "low-maintenance" property, ideal for buyers who prioritize a newer home and interior space over extensive outdoor yard work or expansion potential. It would suit first-time buyers, downsizers, or busy professionals seeking a modern, efficient home in a stable North Winnipeg community without the upkeep of an older house or a large plot of land.
Frequently Asked Questions
1. How does the 2020 build date impact potential costs?
A home of this age typically means major components like the roof, furnace, windows, and appliances are relatively new, significantly reducing the risk of near-term replacement costs compared to the area's older average stock.
2. What are the implications of the smaller lot size?
While it limits expansive gardening or large outdoor recreation space, it translates to less time and money spent on lawn care and landscaping. It may also suggest a more efficient use of space, with the living area concentrated on the building footprint.
3. The assessed value is above the neighborhood average. Is this a concern?
Not necessarily. The above-average assessment aligns with the home's significantly newer construction and slightly larger-than-average living area for the locale. It reflects its premium position within the local market context.
4. What does the sale history indicate?
The home last sold in April 2020, likely near its completion. The reported sale price range of $300k-$350k provides a recent market benchmark, showing its value has been stable or has appreciated in line with its current assessment.
5. Who might this property not suit?
Buyers seeking a large, private backyard for children or pets, or those with plans for future additions like a garage or extensive decking, may find the lot size restrictive. It's also less suited for buyers looking for a vintage "character" home or a fixer-upper project.