Property Overview: 221 Greene Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, 660 sqft bungalow built in 1950 on a 3,735 sqft lot in the Rossmere-B neighborhood. The data clearly positions it as a more modest and affordable entry point within its market. Its living space, land area, and assessed value ($250k) all rank in the bottom 10-20% compared to nearby homes, street averages, and city-wide figures.

Its primary appeal lies in its accessibility. With an assessed value significantly below area and city averages, it represents a lower financial barrier to homeownership in Winnipeg. This isn't a property for those seeking ample space; instead, its potential is for efficient living, renovation, or as a strategic investment. It would suit first-time buyers comfortable with a cozy footprint, downsizers looking to minimize maintenance and costs, or investors seeking a rental property with a relatively lower entry cost. A thoughtful perspective is that a smaller, well-maintained home on a decent lot can offer greater long-term affordability through lower utility bills, property taxes, and upkeep expenses compared to larger area averages.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
The assessed value reflects the property's specific characteristics, primarily its smaller-than-average living area and lot size compared to other homes in Rossmere-B and on Greene Avenue itself.

2. How reliable is the sold price data shown?
The sold price range (CA$200k–250k) is based on publicly available data, not the MLS. The site recommends contacting them directly for manually verified, exact transaction history to ensure accuracy.

3. Is there potential to expand this home?
The existing lot size, while below the street average, may offer some potential for an addition or extension, subject to local zoning bylaws and building regulations. A review of the specific lot dimensions and rules would be necessary.

4. What does the "Year Built" ranking mean for a 1950 home?
Ranking "around average" for the street indicates many homes on Greene Avenue were built around the same time (average year built is 1952). This suggests the core structure and systems are typical for the area's housing stock.

5. How can I see how this property compares visually to its neighbors?
The listing includes a link to an interactive "neighbourhood analysis page" that maps nearby properties, allowing you to compare details like lot size, year built, and value directly on a map.