Property Overview: 479 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This Rossmere-B bungalow presents a practical entry point into the Winnipeg market. Its key characteristic is balance: with an assessed value near the neighborhood average, it offers a financially accessible option in an established area. The 887 sqft living area is modest, placing it below local averages, which suggests a more manageable layout for downsizers or first-time buyers. A notable strength is its year of construction (1960), which is newer than most homes on its street and in Rossmere-B, potentially indicating fewer age-related concerns.
The appeal lies in its value positioning. It sits comfortably within the middle tier of its immediate area for price, avoiding the premium of larger lots or renovated homes. The lot, while smaller than average, translates to less exterior maintenance. This property would best suit buyers seeking a straightforward, no-frills home in a quiet neighborhood—particularly those looking to minimize debt, reduce upkeep, or make their first purchase without overextending. It’s a home that prioritizes function and financial sensibility over size or modern luxury.
Frequently Asked Questions
1. Is the smaller living area a significant drawback?
While below average in size, the layout may be efficient for one or two people. It's important to view the space in person to see if it meets your needs, as smaller homes can also mean lower utility costs and less to maintain.
2. How does the assessed value relate to the likely selling price?
The assessed value of approximately $302k is for municipal tax purposes. The final sale price is determined by the market. Recent sales on the street and in the area, which have ranged roughly between $300k and $350k, are a more direct guide.
3. What are the implications of the lot being smaller than average?
The 3,744 sqft lot requires less time and money for yard maintenance, which can be a benefit. However, it may limit possibilities for large additions, pools, or extensive landscaping compared to neighbors with larger plots.
4. The home was built in 1960. What should I be aware of?
While newer than many area homes, a 1960s build still warrants a thorough inspection for its original systems, such as plumbing, electrical, and the roof. Its relative age can be an advantage, as some updates may already have been addressed by previous owners.
5. Where can I get verified historical sales data for this property?
The website notes that exact sold prices are not displayed publicly due to industry rules. They offer to provide exact figures via email upon request, which involves a manual lookup process. For complete and immediate transaction history, consulting directly with a licensed real estate agent is recommended.