Property Overview: 404 Greene Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 404 Greene Avenue in the Rossmere-B neighborhood is a practical and affordable entry point into Winnipeg’s housing market. Built in 1955, it’s a classic post-war property that presents a straightforward value proposition.

Its key appeal lies in its balance of space and price. With 926 sqft of living area on a nearly 5,000 sqft lot, the home offers functional space for a small household or first-time buyer, while the below-average tax assessment of $280,000 suggests a correspondingly manageable price point and lower property taxes compared to many city and area averages. The lot size is a quiet advantage, providing standard outdoor space with room for gardening, play, or future expansion.

This property would best suit budget-conscious buyers, such as first-time homeowners or small families, who prioritize getting into the market in a stable, established neighborhood over finding a move-in-ready or spacious home. It’s a candidate for those comfortable with a home of vintage character that may require updates. A less obvious perspective is its potential appeal to a value-focused investor, given that its assessed value sits lower than many comparable homes on the same street and in the wider community, possibly indicating room for value addition.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 926 sqft, the living area is slightly below the average for both Greene Avenue (1,033 sqft) and the Rossmere-B neighborhood (1,047 sqft), but it is a functional size for a starter home. The lot size of 4,993 sqft is very close to the street average.

2. What does the tax assessment tell me about the likely price?
The City’s assessed value for tax purposes is $280,000, which is below the averages for the street, neighborhood, and city. This often correlates with a lower market price and will result in relatively lower property taxes, which is a key ongoing cost savings.

3. The home was built in 1955. What should I consider?
As a home from the mid-1950s, prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems. A thorough home inspection is essential.

4. Is there recent sales history for this specific home?
The last recorded sale appears to be in early 2016, with a price between $200,000 and $250,000. For precise, current sales data and a full history, you must request the information directly from the source providing this data, as it is not sourced from the MLS.

5. How does this property rank within Winnipeg?
The rankings show this home is more affordable than most. Its assessed value ranks in the top 76% city-wide (meaning it’s higher than 76% of homes, indicating a lower value), and its living space is in the top 81% (larger than 81% of homes, indicating a smaller size). This confirms its position as a smaller, more budget-friendly option in the broader market.