Property Overview

59 Greene Avenue is a one-storey home in Winnipeg's Kildonan Drive area, built in 1954. Its key appeal lies in its balance of a recently renovated basement and a manageable, efficient footprint on a modestly-sized lot. The home presents a practical, low-maintenance living option. It would suit first-time buyers seeking an entry point into a stable neighbourhood, downsizers looking for a single-level layout without a major project, or pragmatic investors attracted by its below-average living space but above-average assessed value for its immediate street, suggesting solid intrinsic value relative to its peers.

Key Characteristics & Appeal

The home's 912 sqft living area is smaller than average for both the neighbourhood and the city, positioning it as a cozy, efficient space. A significant positive is the renovated basement, adding functional living area. The detached garage offers flexibility for parking or storage. While the lot is smaller than most in the area (4,017 sqft), it translates to less yard upkeep.

Its appeal is nuanced. The data shows its Assessed Value ranks in the top 19% on its own street, meaning it is valued higher than most comparable homes on Greene Avenue. This could indicate perceived quality, updates, or desirable lot traits not fully captured by square footage. However, its living area and land size rank below average in the broader area, reinforcing its identity as a compact, value-oriented property. The most recent sold price range (Mar 2024: $365k-$395k) supports a strong market valuation.

This property suits buyers prioritizing financial prudence and simplicity over space. It’s for someone who sees a smaller, updated home on a smaller lot not as a compromise, but as a strategic choice to avoid paying for unused space and excessive maintenance. The renovated basement is a key asset, effectively expanding the livable area beyond the main floor square footage.

Frequently Asked Questions

1. Is the smaller living area a concern?
It depends on your needs. At 912 sqft (main floor), it is below the neighbourhood average. However, the renovated basement provides additional finished space, making the total usable living area more competitive. It's ideal for individuals, couples, or small families.

2. How does the assessed value compare to the recent sale price?
The 2024 assessed value is $337,000. The home sold in March 2024 for an estimated $365,000-$395,000. The sale price above assessment is common in active markets and can reflect updates (like the basement renovation) or market conditions that assessments may lag behind.

3. What does the "above average" assessed value for the street mean?
This means that among similar homes on Greene Avenue, this property's official assessed value is higher than 81% of them. It often suggests the property has features (like renovations, condition, or location on the street) that the assessor deems add value compared to its immediate neighbours.

4. Is the smaller lot size a disadvantage?
Not necessarily. While the lot is smaller than most in Kildonan Drive, it requires less maintenance and landscaping effort. For buyers seeking a manageable yard or preferring to focus on the home itself, this can be a practical benefit rather than a drawback.

5. What is the significance of a detached garage?
A detached garage offers flexibility. It provides secure parking and storage while separating vehicle noise and fumes from the house. It can also create more options for future landscaping or garden space between the garage and the home.