Property Overview: 535 Greene Avenue, Winnipeg

Key Characteristics & Appeal

This home at 535 Greene Avenue in the Rossmere-B neighborhood presents a solid, mid-century property with strong local standing. Built in 1956, it is newer than many comparable homes on its street and in the wider community. With 1,096 sqft of living space, it offers a footprint that is consistently above average for its immediate area, providing a practical size for everyday living.

The property’s primary appeal lies in its established location and its favorable position relative to local norms. The municipal tax assessment of $367,000 is notably higher than the average for both Greene Avenue and the Rossmere-B area, placing it within the top 8% locally. This suggests the city assesses it as a higher-value property within its peer group, which can be indicative of good upkeep, desirable lot features, or a premium location within the community. The lot size of just under 5,000 sqft is typical for the street, offering standard suburban outdoor space.

This home would suit a buyer looking for a move-in ready property in a mature, stable neighborhood without the premium of a brand-new build. It’s ideal for someone who values a home that already holds above-average assessed value in its micro-market, potentially reflecting less need for immediate major upgrades. It would also appeal to a data-conscious buyer who appreciates a property that benchmarks well against its direct competitors in key metrics like age, size, and official valuation.

Frequently Asked Questions

1. What does a higher tax assessment mean for me as a buyer?
A higher assessment typically leads to a higher property tax bill. However, in this context, it primarily indicates that the city valuers consider this property to be worth more than most similar homes nearby, which can be a positive signal of its condition or attributes relative to the local market.

2. Is the living space sufficient for a growing family?
At just over 1,000 sqft, the living area is practical but not expansive. It is comfortably above the average for Rossmere-B, suggesting it is a competitively sized home for the neighborhood, likely suited for a small to medium-sized family or those looking to downsize into a manageable space.

3. How does the 1956 build year affect the home?
Homes from this era often feature sturdy construction but may require updates to major systems like plumbing, electrical, or insulation. Being newer than the street and community average is a slight advantage, potentially meaning some updates have already been addressed or that it was built to somewhat more modern standards than its immediate peers.

4. What can the 2021 sale price range tell me?
The listed sale range of $350,000-$400,000 from early 2021 provides a historical benchmark. Comparing this to the current $367,000 assessment and any future asking price can help gauge market movement and the seller’s pricing strategy in the years since.

5. Are the comparable nearby homes similar?
The listed nearby properties show a mix of sizes and assessments. While some are very close in specs, others are significantly larger or smaller. This highlights that 535 Greene Avenue sits in the upper tier of its direct local peer group in terms of assessed value, which is useful for understanding its standing in the community.