445 Greenwood Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1910 home with 2,118 sq ft of living space and a 4,003 sq ft lot, located on Greenwood Place in Winnipeg's Wolseley neighbourhood. What stands out immediately is the living area: it ranks in the top 7% on its street, top 16% in the community, and top 8% citywide—meaning it offers noticeably more interior space than most comparable homes at any level. The assessed value ($664,000) is also exceptional: first on its street and in the top 5% across Winnipeg, which reflects both the size and the desirability of the location.
The lot, however, is smaller than the street and city averages, though it ranks well within Wolseley (top 15%), where parcels tend to be more compact. The home's age (1910) is older than the street and city averages, but in line with much of Wolseley itself, which has a stock of early 20th-century housing.
The appeal here is space and value retention in a walkable, established neighbourhood. Buyers who would suit this property are those looking for a larger-than-average older home in a central area, who appreciate character and are comfortable with the maintenance that comes with a century-old structure. It's less suited to someone wanting a modern turnkey house or a large yard. The combination of top-tier living space and assessed value suggests this is a well-regarded address, likely with steady demand from buyers who prioritize interior size and location over land.
Five Possible FAQs
1. How does this home's size compare to others in Wolseley?
It's significantly larger than the neighbourhood average of 1,622 sq ft, ranking in the top 16%. That means it's one of the roomier homes in the area, which is notable since Wolseley already has older, well-built houses.
2. Why is the assessed value so high relative to the street?
The home ranks first on Greenwood Place in assessed value, which is driven primarily by its large living area and the overall desirability of the location. Lot size plays a role too, but here the interior square footage and the street's limited inventory likely push the valuation up.
3. Is the lot size a concern for this property?
It depends on expectations. At 4,003 sq ft, the lot is smaller than the Greenwood Place average (4,805 sq ft) and the city average (6,570 sq ft), but it's well above average for Wolseley (3,434 sq ft). So it's a typical lot for the neighbourhood, just not as generous as some newer subdivisions.
4. Should the age of the house (1910) worry me?
It's older than most homes on the street and citywide, but it's actually slightly newer than the typical Wolseley home (1916 average). That means many neighbours are dealing with similar maintenance considerations—older wiring, plumbing, foundation, and insulation. A thorough inspection is always wise with a house this age.
5. Is this a good investment property?
Given its top-tier size and assessed value rankings, it's likely to hold value well compared to other homes in Wolseley and Winnipeg. But the smaller lot and older construction mean renovation costs could be higher. It's probably best suited as a primary residence rather than a low-maintenance rental, unless you're comfortable with ongoing upkeep.