Property Summary: 150 Greenwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 150 Greenwood Avenue presents a practical opportunity in the Vista neighborhood. Its key characteristic is value: with an assessed value of $335K, it sits below the average for its immediate street and broader neighborhood, offering a more accessible price point in a well-established area. The 896 sqft living area is compact, ranking below local averages, which suggests a efficient, manageable layout ideal for simplifying living. The lot size of 5,197 sqft is notably above average for Greenwood Avenue itself, providing valuable outdoor space that is a relative rarity on the street.
The appeal lies in this balance of a lower entry cost paired with a proportionally larger lot. It suits first-time buyers, downsizers, or practical investors seeking a footprint in a mature neighborhood without a premium price tag. A thoughtful perspective is that while the home's size is modest, its 1972 build date is newer than many on the street, potentially implying updates or systems younger than those in older surrounding homes. This is a property for those who prioritize land and location over interior square footage, seeing potential in the lot itself or valuing a home that is easier and more affordable to maintain.
Section 2: Frequently Asked Questions
1. Is the below-average living area a concern?
It indicates a more compact home. This is ideal for those seeking efficient, low-maintenance living, but buyers with specific space needs should verify the layout meets their requirements.
2. Why is the assessed value below neighborhood averages?
The assessed value reflects the combination of its smaller living area and overall property characteristics. This discrepancy is what creates its value position, offering a price advantage for the location.
3. What does the lot size being above average for the street mean?
It means the property has more outdoor space than many of its direct neighbors. This is a key asset, providing greater potential for gardening, expansion, or simply more private outdoor living.
4. How does the 1972 build year compare?
On Greenwood Avenue, where the average build year is 1950, this 1972 home is relatively newer. This could mean construction methods, wiring, or plumbing that are decades more recent than immediate comparables.
5. What is the main takeaway from the ranking data?
The data consistently shows a property that is "below average" in size and value metrics but "around average" in lot size and age. This profile highlights a trade-off: you are purchasing a smaller home on a good-sized lot for a proportionally reduced cost in this area.