Property Overview & Key Characteristics

504 Greene Avenue is a well-situated, mid-century home in Winnipeg's Rossmere-B neighbourhood. Built in 1955, its 948 sqft living space is slightly below the city-wide average but is typical for its immediate street and community, offering a manageable footprint. The property sits on a just-under-5,000 sqft lot, which is also very standard for the area.

The home's primary appeal lies in its established location and relative value. Its municipal tax assessment of $327,000 is notably above the street average, suggesting it is viewed favorably compared to its direct neighbours. Recent sales data indicates a transaction between $350,000-$400,000 in late 2024, placing it in the top third of the city for sale price, which points to strong demand for homes in this area. The neighbourhood features many similar homes from the same era, creating a consistent streetscape.

This property would suit first-time buyers or downsizers looking for a solid entry into a stable, mature neighbourhood without the upkeep of a very large home or lot. It’s also a practical choice for an investor seeking a rental property in a consistent, in-demand area. A thoughtful perspective is that while the home’s size is modest by current city standards, its above-average assessment and recent sale price on its street indicate it may have been better maintained or updated than some comparable properties, offering a move-in-ready advantage in an area of older homes.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 948 sqft, the living area is very close to the average for both Greene Avenue (1,033 sqft) and the wider Rossmere-B community (1,047 sqft). It is, however, comfortably smaller than the Winnipeg city average, which may appeal to those seeking a more manageable space.

2. What does the tax assessment tell us about the property?
The assessed value of $327,000 is higher than the average on its street and in line with the community average. This often suggests the property is in good condition relative to its immediate neighbours and may reflect updates or desirable features not captured in square footage alone.

3. Is the lot size a pro or a con?
The lot is just under 5,000 sqft, which is standard for the neighbourhood. It provides adequate outdoor space for gardening or recreation without the extensive maintenance required by larger lots, striking a practical balance.

4. The home was built in 1955. What should I consider?
As a mid-century home, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, windows, and the roof. A thorough inspection is essential. On the positive side, homes of this era in established neighbourhoods often feature solid construction and mature landscaping.

5. How can I get precise historical sale price data for this address?
The public data shows a sale in the $350,000-$400,000 range in October 2024. For absolute accuracy and a complete transaction history, the listing notes that you must register on the site or contact them directly via email, as they provide verified records manually due to MLS data restrictions.