580 Greene Avenue

Property Overview: 580 Greene Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 998 sqft bungalow on a 5,190 sqft lot in Rossmere-B presents a solid, value-oriented opportunity. Built in 1955, its key appeal lies in its strong positioning within its immediate area. The lot size is notably above average for Greene Avenue, offering more outdoor space than many neighbors. While the living area is typical for the street and neighborhood, it is more compact compared to the Winnipeg average, suggesting an efficient layout.

The property’s assessed value of $332k is consistently above average for both the street and the Rossmere-B neighborhood, indicating it is viewed favorably relative to its local peers. This creates an interesting dynamic: you’re acquiring a home that stands above its direct competition in official valuation, yet with a living space that prioritizes function over sheer size.

This home would suit first-time buyers or downsizers seeking a established, lower-maintenance property in a stable neighborhood. It’s also a practical choice for value-focused buyers who prioritize lot size and neighborhood standing over a larger interior footprint. The data suggests you are paying more for the property’s location and land value on Greene Avenue than for square footage.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to nearby properties?
At 998 sqft, the living area is very close to the average for both Greene Avenue (1,033 sqft) and the Rossmere-B neighborhood (1,047 sqft). It is, however, noticeably smaller than the Winnipeg citywide average for comparable homes.

2. Why is the assessed value above the neighborhood average?
The $332k assessment ranks in the top 26% for Rossmere-B. This is likely due to a combination of its larger-than-average lot size for the street and the property’s overall condition and features as evaluated for tax purposes.

3. What was the recent sale history?
Public data indicates a sale occurred in September 2020 within the price range of $300,000 to $350,000. Exact sale figures can be provided upon request.

4. How does the lot size benefit a buyer?
At 5,190 sqft, the lot is larger than approximately 85% of comparable properties on Greene Avenue. This allows more room for gardening, outdoor recreation, or potential expansions, subject to local zoning.

5. What are similar nearby properties like?
Listed references on the same street and nearby avenues show homes of similar vintage (1950s-1960s) with living areas ranging from 936 sqft to over 2,300 sqft, and assessed values from $292k to $456k, highlighting the variety within this established area.