Property Overview: 207 Greene Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 207 Greene Avenue is defined by its compact efficiency and significant lot size. Built in 1948, it offers a modest 567 sqft of living space, which is notably smaller than most homes on its street, in the Rossmere-B neighbourhood, and across Winnipeg. This positions it as one of the most affordable entry points into the detached housing market in the area, with a current tax assessment of $193,000.

The primary appeal lies in its generous 5,672 sqft lot, which ranks in the top 11% on Greene Avenue. This presents a substantial canvas for outdoor living, gardening, or future expansion, offering a rarity for the street: space. The home last sold between $150,000-$200,000 in mid-2019, suggesting a historically accessible price point.

This property would best suit a specific type of buyer: a first-time homebuyer, an investor, or a downsizer seeking minimal interior upkeep and maximum outdoor potential. It’s for someone who views the existing structure as a functional starting point and values the land itself as the key asset. The appeal is pragmatic—it’s about securing a footprint in a established neighbourhood with the flexibility to customize over time, rather than moving into a turn-key home.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" property?
Not necessarily. While the living area is small, the 1948 structure is still functional. The value proposition is the land. A buyer could choose to live in it as-is, renovate and expand (subject to permits), or eventually redevelop the lot. The large lot makes all these options more feasible than on a standard parcel.

2. Why is the tax assessment so much lower than neighbouring homes?
The tax assessment is primarily based on the property’s overall market value, which is heavily influenced by the very small size and age of the dwelling. While the land is a positive factor, the limited improvements (the house itself) result in a lower total assessed value compared to larger, updated homes nearby.

3. What are the real costs beyond the purchase price?
As an older, smaller home, energy efficiency may be lower, leading to potentially higher utility costs per square foot. Budgeting for maintenance consistent with a home built in the 1940s is also important. However, property taxes will be relatively lower due to the assessment.

4. How does the small size compare to a condo or apartment?
At 567 sqft, the living space is comparable to a one-bedroom condo. The critical difference is that you own the land outright, have no condo fees, and have complete privacy and outdoor space—a trade-off between interior volume and the benefits of detached ownership.

5. Can I get accurate historical sale data for this house?
The page indicates that precise sale history is not publicly displayed due to industry restrictions. They offer an email-based service where you can request this data manually, which they will provide directly without marketing spam. The last known sale is estimated between $150,000-$200,000 in June 2019.