Property Overview: 155 Greene Avenue

Key Characteristics & Appeal

This one-storey home on Greene Avenue in Winnipeg's Kildonan Drive area is a property defined by its solid foundation and practical updates. Built in 1929, its character is rooted in a generous 5,019 sqft lot, which is notably larger than many on its street. The home itself, at 1,152 sqft of living space, offers an above-average footprint for the immediate neighborhood. A key modern convenience is its renovated basement, adding functional living space, and it features a detached garage.

Its primary appeal lies in being a well-situated, no-fuss property. The numbers suggest it's a home that has been maintained and assessed as above-average for its specific street, indicating a good standing in a stable, established community. It would suit a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values a larger lot in a mature neighborhood over a newer build. This isn't a flashy modern showhome, but a property with honest space and updates where they count, like the basement, offering a straightforward path to comfortable living without the premium of a brand-new structure.

Frequently Asked Questions

1. What does the "above average" ranking for this street really mean?
It means that compared to similar homes directly on Greene Avenue, this property ranks in the top 20% for living space and top 14% for assessed value. This suggests it is considered one of the larger and more valuable homes on this particular block.

2. The home was built in 1929. What should I consider?
While the renovated basement is a plus, a home of this age will likely have older core components, such as plumbing, electrical, and the foundation. A thorough inspection is essential to understand the condition of these systems and plan for any potential updates.

3. The lot is large for the street but smaller than the area average. Is that important?
This is a key point. You're getting a premium-sized yard for Greene Avenue itself, which offers great private outdoor space. However, if comparing it to the broader Kildonan Drive area, the lot is more typical. Your perspective depends on whether you prioritize standing out on your immediate street or matching a wider area norm.

4. The last sold price shown is a range from 2016. How useful is that?
It provides historical context but is not a reliable indicator of current market value. The real estate market has undergone significant changes since 2016. For an accurate current valuation, you need a comparative market analysis based on very recent sales.

5. Who would this property not suit as well?
It may not suit buyers seeking a modern, open-concept layout typically found in newer builds, as the 1929 floor plan may be more compartmentalized. It also may not appeal to those wanting extensive, move-in-ready renovations throughout, as the focus appears to have been on the basement update.