520 Greene Avenue

Property Overview

520 Greene Avenue presents a solid, mid-century home in Winnipeg's Rossmere-B neighborhood. Built in 1955, it offers a practical layout with 1,052 square feet of living space on a notably generous 5,391 square foot lot. Its assessed value of $337k positions it above average for its immediate street and neighborhood, suggesting a well-regarded property within its local context. The home last sold in mid-2016 for an estimated $300k–$350k.

Key Characteristics & Appeal
The primary appeal of this property lies in its balance and established setting. While the house itself is average in size and age for the area, it stands out for its above-average lot size on Greene Avenue, offering more outdoor space than many of its neighbors—a valuable asset for gardening, play, or expansion. Its assessed value ranking in the top 20% locally indicates it is likely maintained well or has features that are valued above the norm. This isn't a flashy, top-tier city property, but a steady and reliable one in a mature community. It would suit a first-time buyer or a downsizer looking for a manageable home with a good yard in a stable, no-surprises neighborhood. It’s for someone who values space around their home and comparative value within a specific community over a brand-new build or a central urban location.

Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The assessed value of $337k is for municipal tax purposes and is a historical snapshot. The eventual sale price is determined by the current market. However, its ranking—above average for the street and neighborhood—suggests it is a stronger-than-average property in its immediate area, which can be a positive indicator.

2. Is the lot size a significant advantage?
Yes, relatively. At 5,391 sq ft, the lot ranks in the top 13% on Greene Avenue. This provides more private outdoor space than most comparable homes nearby, which is a permanent and desirable feature.

3. What does the home's "around average" ranking for size and age imply?
It means the 1,052 sq ft living area and 1955 build year are very typical for Rossmere-B. You are getting a standard home for this specific neighborhood, not one that is unusually small or outdated relative to its peers. This can offer predictability for maintenance and renovations.

4. The home sold in 2016; can I find out the exact price?
The public data shows a price range. The exact sale price is not publicly displayed in this summary, but can be requested directly from the source providing this data.

5. How does this property fit within the wider Winnipeg market?
Citywide, this home is more average. Its value and lot size are below the city average for comparable homes, while its living area is moderately smaller. This highlights that its appeal is particularly anchored in the value and space it offers within the Rossmere-B community, rather than against city-wide standards.