Property Summary: 415 Greene Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1955-built home in Rossmere-B presents a solid, mid-century option with a clear value proposition. Its key characteristic is a balanced profile: with 1,019 sqft of living area, it is very typical for its immediate street and neighborhood, offering a manageable size for a smaller household or first-time buyer. The standout figure is its assessed value of $345k, which ranks above average for both Greene Avenue and the wider Rossmere-B area, suggesting the property is viewed favorably by assessors relative to its local peers.
The appeal lies in its established neighborhood context and perceived value stability. It suits a practical buyer who prioritizes being in a stable, comparably-priced community over having a larger lot or more square footage than the neighbors. The lot size (3,996 sqft) is below the local average, which may appeal to those seeking lower outdoor maintenance. This is not a standout "fixer-upper" or a premium property, but rather a home that represents the core of the neighborhood's market—a sensible choice for someone looking to enter or remain in this specific area without over-extending.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($345k) is above the local average, it's a tax assessment, not a market appraisal. The last recorded sale was between $300k-$350k in late 2019. Current market conditions will ultimately determine the price.
2. How does the below-average lot size impact the property?
The smaller lot (under 4,000 sqft) means less yard maintenance, which can be a benefit. However, it may limit expansion possibilities or the feel of outdoor space compared to other homes on the street.
3. The home is older (1955). What should I consider?
The build year is typical for the area. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, which are common focal points for homes of this era.
4. The living area is "around average" locally but "below average" citywide. What does this mean?
This highlights that Rossmere-B features generally more modestly sized homes compared to the Winnipeg average. The house fits right in within its own neighborhood, which is useful context if you're comparing it to properties in other parts of the city.
5. Who are the most likely neighbors?
The provided comparable properties suggest a stable community of similar, primarily mid-1950s homes with assessed values in the $300k-$355k range, indicating a neighborhood of consistent value and character.