2 Greenmount Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,132 sqft home built in 1962, sitting on a 5,997 sqft lot in Windsor Park. The assessed value is $372,000.
What stands out here is the lot-to-house ratio. The house is slightly below the citywide average for living area, but the lot is noticeably larger than many nearby properties—5,997 sqft in a neighbourhood where the average is around 6,030 sqft, and well above the street average of 5,799. That extra outdoor space is the kind of thing families or anyone who wants room for a garden, a workshop, or a future addition would notice.
The year built is worth noting too: on this street, it’s the oldest house in the top 4%. That doesn’t mean it’s in bad shape—but it does mean a buyer should be comfortable with an older home, or see it as an opportunity to renovate. The assessed value of $372k is above both the street average ($358.7k) and the neighbourhood average ($354.2k), which likely reflects that the lot size is a bit bigger and the location within Windsor Park is stronger than many comparable homes nearby.
This property would likely suit a buyer who wants a solid, older home in a well-established neighbourhood, with enough land to make it their own. It’s not a turnkey modern house, and it’s not aiming to be. The appeal is more about potential, space, and being in a part of the city where comparable homes hold value well relative to the street and neighbourhood.
Five Possible FAQs
1. Is this a good property for someone planning an addition or major renovation?
Yes, if the zoning allows it. The lot is almost 6,000 sqft—bigger than many others on the street and slightly above the neighbourhood median. That gives you room to expand the footprint. Just check setback rules and any restrictions with the city before you commit.
2. How does the home’s age affect maintenance expectations?
Built in 1962, so you should plan for older plumbing, electrical, and possibly foundation work. It’s not unusual for a house of this era, but a thorough home inspection is essential. The age also means you might have fewer modern insulation or window upgrades, which could impact heating costs.
3. Why is the assessed value higher than the street and neighbourhood averages?
Most likely because of the lot size and its ranking on the street. The lot is in the top 17% on Greenmount Road, and the property ranks in the top 25% for assessed value. That suggests the land—and possibly the location within the street—adds value that the house itself might not fully reflect.
4. What’s the immediate neighbourhood like for resale value?
Windsor Park is decently ranked—top 27% citywide for assessed value and top 28% for living area. That suggests stable demand. But it’s not a top-tier neighbourhood, which means price growth might be moderate. You’re buying into a solid middle band, not a rapid-appreciation zone.
5. How does this property compare to a typical Winnipeg home overall?
The living area is actually a bit smaller than the citywide average (1,132 vs. 1,342 sqft), and the year built is a few years older than average (1962 vs. 1966). The lot is also slightly smaller than the citywide average. So it’s not an unusually large or new home by Winnipeg standards. The main relative strengths are within its immediate street and neighbourhood, not citywide.