Property Overview: 421 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This home at 421 Greene Avenue in Rossmere-B is defined by its vintage character and value-oriented positioning. Built in 1914, it is notably older than most homes on its street and in Winnipeg, which may appeal to those who appreciate classic construction or see potential in a well-maintained older home. With 932 sqft of living space and a 4,494 sqft lot, its size is modest compared to local averages, suggesting a manageable footprint for downsizers, first-time buyers, or investors.
Its primary appeal lies in its assessed value of $235k, which sits significantly below the averages for Greene Avenue ($311.7k) and the Rossmere-B neighborhood ($311.9k). This creates an accessible entry point into the area. The property’s value has appreciated, with sales data showing a rise from the $200k-$250k range in 2017 to $300k-$350k in 2021. This home would suit a practical buyer looking for affordability in a stable neighborhood, someone comfortable with a home that may require updates reflective of its age, or an investor seeking a property with a lower entry cost and proven historical value growth.
Frequently Asked Questions
1. What does it mean that the home is "below average" in so many categories?
This statistical comparison shows that the home is more modest in size, newer in age, and lower in assessed value than many other homes in its immediate vicinity and the city. This isn't necessarily negative; it directly translates to a more affordable price point in a neighborhood where most homes cost more.
2. The home was built in 1914. Are there major concerns with such an old house?
While the age indicates potential for character and solid construction, it warrants a particularly thorough inspection. Key focus areas would include the foundation, roof, plumbing, electrical systems, and insulation, as standards and materials have evolved significantly since 1914.
3. How reliable are the provided sales price ranges from 2017 and 2021?
The ranges are derived from public data and are a reliable indicator of market movement and approximate value. They show clear appreciation. For exact historical sale figures to inform your offer, you can request them directly via the provided email link on the original listing page.
4. The lot size is "around average" citywide but "below average" on the street. Is the yard still usable?
Yes. At 4,494 sqft, the lot is a very usable size for a city yard, gardens, or outdoor space. It is simply slightly smaller than the specific lots on Greene Avenue, which tend to be larger. It is not a constrictive parcel.
5. Who are the most likely neighbors or comparable homes?
Based on the data, your immediate neighbors on Greene Avenue likely live in homes built mostly in the 1950s, which are larger in living area and have a higher assessed value. The home offers a chance to live on a street of generally higher-value properties while maintaining a lower property tax assessment based on its current valuation.