Property Overview: 30 Greene Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1946, situated on a generous 5,028 sqft lot in the Kildonan Drive area. Its primary appeal lies in a compelling value proposition: it boasts an assessed value that is notably above average for its immediate street, suggesting it is a well-regarded property within its specific locale. The home features a renovated basement and an attached garage.

The living space is modest at 763 sqft, which is below average for the area, indicating this is a home for those who prioritize efficient living or have simpler space needs. The large lot offers valuable outdoor space and potential, a significant asset not always found with smaller homes.

This property would best suit a first-time buyer, downsizer, or investor looking for a manageable footprint in a stable neighbourhood. Its above-street-average assessment and recent sale history point to a home that has been maintained and holds its value well on its block, making it a practical entry into the market. It’s less suited for those requiring substantial indoor living area without plans to expand.

Frequently Asked Questions

1. Why is the assessed value so high compared to the living area?
The assessed value is based on more than square footage. The above-average assessment for Greene Avenue likely reflects the home’s renovated condition, the desirable lot size, and the attached garage, all of which add tangible value despite the modest interior.

2. How does the recent sale price compare to the assessment?
The home sold in July 2024 for between $35.5k and $38.5k. This sale price range came in above the city-wide average for that period, aligning with and even exceeding its current $34.5k assessment, indicating strong market validation.

3. What does the "below average" living area ranking mean for me?
It confirms this is a smaller home. Buyers should be comfortable with efficient use of space. However, the renovated basement provides additional functional area, and the large lot presents an opportunity for future expansion, like an addition or deck, if desired.

4. Is the 1946 build date a concern?
While older than many area homes, this is typical for the street and neighbourhood. A renovated basement is a positive sign of updates. A thorough inspection is always recommended to understand the condition of major systems like plumbing, electrical, and the roof.

5. Who are the most likely neighbours or buyers in this area?
Given the home’s size and the neighbourhood’s established character, you can expect a mix of long-term residents, young families in starter homes, and downsizers. The property’s profile suggests it appeals to practical buyers seeking value and stability over sheer size.