155 Greenwood Avenue

Property Overview

This home at 155 Greenwood Avenue stands out primarily for its generous scale and desirable lot size within a well-established neighborhood. Its appeal lies in offering substantially more space—both indoors and out—than is typical for the area, providing room to grow or simply enjoy. The property is particularly suited for buyers who prioritize living space and a larger yard over having a brand-new build, and who appreciate a home with a proven, stable presence in a mature community.

Key Characteristics & Ideal Buyer

The defining feature of this property is its size. With 2,498 sqft of living space, it ranks in the top 1% of homes on its street and within the Vista community, offering nearly double the average area of nearby comparable homes. This is complemented by a land parcel of 6,767 sqft, which is significantly larger than most lots on Greenwood Avenue. While the 1972 build date is around the average for the wider city, it suggests a classic, solidly built home from an era known for spacious room layouts.

The property’s tax assessment value is above average for its immediate surroundings, reflecting its premium physical attributes. This combination makes it an ideal fit for families needing ample indoor and outdoor space, or for those looking for a home with inherent value derived from its generous proportions rather than recent renovations. It’s a property that trades the allure of modern construction for the established charm and roominess of a classic family home on a prime lot.

Frequently Asked Questions

1. How does the 1972 build year affect the home?
While not new, the build year is close to the citywide average. It typically indicates a home from an era with spacious room designs and established neighborhoods. Buyers should plan for a thorough inspection to understand the condition of era-specific systems like plumbing, electrical, and the roof.

2. The living space is large, but how does the floor plan function?
The data confirms exceptional square footage. To assess if the space is configured for modern living—with open-concept areas, sufficient bathrooms, and bedroom sizes—a viewing is essential. The value is in how effectively the generous area is utilized.

3. The tax assessment is above average. What does this mean?
The higher assessment value aligns with the home’s above-average physical attributes (size and lot). It generally indicates a higher property tax bill, but also suggests the municipal assessment recognizes the premium scale of the property compared to neighbors.

4. Is the large lot mostly usable space?
The lot size is a major advantage, ranking in the top 5% on the street. However, the topography, shape, and any easements will determine its usability for gardening, expansion, or recreation. This is best evaluated in person.

5. The rankings show "top 1%" for space locally but "top 26%" citywide for value. Why?
This highlights the property’s hyper-local strength. It is exceptionally large for its specific street and community, which are composed of generally smaller homes. When compared to all homes across Winnipeg, its size is still very good (top 3%), but its assessed value aligns with a broader range of properties, reflecting factors like age, location, and finishes beyond pure square footage.