Property Overview

516 Greene Avenue is a 1955-built home in Winnipeg's Rossmere-B neighborhood. With 816 square feet of living space on a 4,591 square foot lot, it presents a compact and manageable footprint. Its most recent assessed value is $294,000, which sits below the citywide average but is competitive for its immediate area. The home last sold in May 2022 for between $250,000 and $300,000.

Key Characteristics & Appeal

This home’s primary appeal lies in its position as an affordable entry point into the Winnipeg market. Its assessed value is notably below the city average, offering a lower property tax base. The lot size, while smaller than many in Rossmere-B, still provides usable outdoor space without being burdensome to maintain. The home is older, but its 1955 build date is typical for the street and neighborhood, suggesting it fits the established character of the area.

It would suit first-time buyers or investors looking for a practical, no-frills property. The smaller interior space demands efficient use and likely appeals to those seeking a simpler, easier-to-maintain lifestyle without a large mortgage. A thoughtful perspective is that its below-average metrics across size and value could represent a "value-hold" property—it may not have the premium features of larger homes, but it also carries less financial exposure in a fluctuating market. Its appeal is fundamentally about practicality and economic entry into homeownership.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 816 sq ft, the living area is smaller than most comparable homes on its street, in the Rossmere-B neighborhood, and across Winnipeg. This is a compact home.

2. Is the assessed value a good deal?
The $294,000 assessment is below the Winnipeg average. For the street and immediate neighborhood, it is around or slightly below average, suggesting the valuation is in line with local norms for homes of this size and age.

3. What is the lot size like?
The 4,591 sq ft lot is smaller than the average for both Greene Avenue and Rossmere-B, but is closer to the citywide average. It provides a yard but is not exceptionally large.

4. When was it last sold and for how much?
It sold in May 2022. The public price range is $250,000-$300,000. The exact sale price is not publicly listed, but can be requested directly from the site.

5. How does its age affect things?
Built in 1955, it is slightly newer than the average home on its street and is typical for the neighborhood. Buyers should anticipate maintenance and systems consistent with a home of this era.