Property Overview: 484 Greene Avenue, Winnipeg

Key Characteristics & Appeal

This home at 484 Greene Avenue in Rossmere-B is a practical, mid-century property built in 1955. Its key characteristic is its efficient scale, featuring a living area of 820 sqft, which is notably compact compared to area and city averages. This positions the home as an affordable entry point into a stable neighborhood. The assessed value of $299k is comfortably below the Winnipeg average and aligns closely with the local street and area norms, suggesting a fairly priced, no-surprises investment.

The appeal lies in its value proposition and lot size. While the house itself is modest, the land area of nearly 5,000 sqft is on par with the street average and offers valuable outdoor space or future potential relative to the home's footprint. Its recent sale history (between $250k-$300k in 2017) indicates it has been an accessible price point. This property would suit first-time buyers or downsizers seeking a lower-maintenance home with a manageable yard in an established neighborhood. It’s a straightforward choice for those prioritizing financial accessibility and a solid foundation over square footage, with the added benefit of a proportionally generous lot.

Frequently Asked Questions

1. Is the living area too small for a growing family?
While the 820 sqft layout is compact, it is a typical size for many post-war homes. Its workability depends heavily on the floor plan's efficiency. The generous lot does provide room for potential expansions, subject to local zoning.

2. How does the assessed value relate to the likely selling price?
The assessed value ($299k) is for municipal tax purposes and is a useful benchmark. Recent comparable sales in the area, like the nearby references provided, suggest market values in this neighborhood currently range from the high $200ks to mid $300ks, indicating this assessment is in a realistic ballpark.

3. What are the less obvious pros and cons of a home from 1955?
A pro is that construction from this era is often straightforward and repairable. A potential con is that while major systems may have been updated, the inherent design and insulation standards are of that time, so energy efficiency and layout should be evaluated during a viewing.

4. The data shows the living area is "below average." Is that a major concern?
It is a defining feature, not necessarily a flaw. It means the home is priced and assessed accordingly. For the right buyer, this translates to lower utility costs, less space to maintain, and a more attainable purchase price than larger homes in the area.

5. Where can I find verified, exact sold prices for this home and comparables?
The site notes that due to industry rules, exact MLS sold data is not displayed publicly here. They offer a manual lookup service; you can request the exact sale history via email from their team to get precise figures for your analysis.