Property Overview: 572 Greene Avenue, Winnipeg
Key Characteristics & Appeal
This home at 572 Greene Avenue in the Rossmere-B neighborhood presents a practical entry point into Winnipeg's housing market. Built in 1956, it is notably newer than many homes on its street and within the immediate community. Its key characteristic is a well-proportioned, generous lot of over 5,000 sq ft, which is larger than most on Greene Avenue, offering valuable outdoor space and potential.
The appeal lies in its position as a competitively priced, no-frills property. With a living area of 912 sq ft and a tax-assessed value of $285,000, it sits below the average for the street, neighborhood, and city in terms of both size and assessed value. This creates an opportunity for buyers seeking lower property tax exposure relative to the area. The home suits first-time buyers, practical investors looking for a rental property, or downsizers who prioritize lot size over a large interior footprint. A thoughtful perspective is that its "below average" size and assessment could be an advantage, representing a more manageable and affordable maintenance commitment without sacrificing the land value a larger lot provides.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in late 2019 for between $250,000 and $300,000. The current tax assessment of $285,000 falls within that range, suggesting a stable value history for the area.
2. Is the living space smaller than average?
Yes. At 912 sq ft, the home's living area is smaller than the average for Rossmere-B (1,047 sq ft) and Winnipeg overall (1,342 sq ft). This is a key consideration for space needs but contributes to its accessible price point.
3. What are the advantages of the 1956 build year?
While not new, a 1956 build is actually newer than the average house on Greene Avenue (1952) and in Rossmere-B (1955). This could imply updates over the years or potentially fewer age-related issues than older neighboring homes.
4. Why is the lot size important here?
The lot of 5,190 sq ft is a standout feature, ranking in the top 15% on Greene Avenue. For the right buyer, this offers more privacy, yard space, gardening potential, or future expansion options than is typical for the street.
5. Where can I find precise historical sale prices?
The provider notes that due to industry restrictions, precise MLS sale history is not published automatically. They offer to provide accurate sale records manually via email upon request, at no cost and without marketing spam.