547 Greene Avenue

Rossmere-B, Winnipeg

Property score

56.5

Fair

Overall 56.5 · Smaller than most nearby homes

912 sqft (bottom 23%) · Built in 1955

Located in a high-income area with median household income of ~89k

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby

Living Area

Below average

13% smaller than neighborhood avg.

Year Built

Near average

0 yrs newer than neighborhood avg.

Mother tongue

English · 84%Chinese · 1%

Past 10 years Rossmere-B sales snapshot (~80% of all data)

Sold Count

568

Median price

360k

$/sqft

$380/sqft

Avg build year

1955

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Property score

56.5 is composed by the two sections below.

Property Score

44.3Low
Living Area912 sqft42Low
Year Built195536Low
Lot Size5,190 sqft67Good
Neighbourhood Sales Activity37Low

Community Score

74.9Good
Household Income80Excellent
Education Level44Low
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

Rossmere-B

How to read: Share of sales in each ~$50k price band for “rossmere-b” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110701

Community deep dive

$89K

Median household income

$104K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

27%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)525
Labour force participation rate66%
Median age40.0
Avg household size2.4
Unemployment rate9%
Population density3500 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households27%
Couple families with children30%
Median household income (2020)$89K

Housing

Renter households6%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)10%
Visible minority8%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 83%
Mother tongue (2nd)Chinese · 0%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
912 sqft
0255075100
Same streetBottom 30%Same areaBottom 23%CitywideBottom 18%
Same street · Greene Avenue
#210 / 301
Bottom 30% · Avg 1,033 sqft
Same area · Rossmere-B
#1,204 / 1,567
Bottom 23% · Avg 1,047 sqft
Citywide · Winnipeg
#160,199 / 194,458
Bottom 18% · Avg 1,342 sqft

Tax-Assessed Value

above average
325k
0255075100
Same streetTop 30%Same areaTop 33%CitywideBottom 37%
Same street · Greene Avenue
#89 / 301
Top 30% · Avg 311.7k
Same area · Rossmere-B
#522 / 1,567
Top 33% · Avg 311.9k
Citywide · Winnipeg
#122,076 / 194,458
Bottom 37% · Avg 390.1k

Year Built

around average
1955
0255075100
Same streetTop 33%Same areaTop 47%CitywideBottom 34%

Lot Size

above average
5,190 sqft
0255075100
Same streetTop 15%Same areaTop 40%CitywideTop 50%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

547 Greene Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 297 m), 1 parks (nearest 478 m).

Search radius
🏫Education1
🌳Parks1
Worship1

Crime & Safety

Rossmere-B · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

62%

Sales History

Sold 11/2021CA$350k–400k
Sold price

Same street

Top 15%

Same area

Top 15%

City-wide

Top 42%
Sold 5/2016CA$200k–250k
Sold price

Same street

Bottom 16%

Same area

Bottom 16%

City-wide

Bottom 21%

Related homes

Highlights & common questions: 547 Greene Avenue, Winnipeg

Property Overview

This 1955-built home at 547 Greene Avenue in Winnipeg's Rossmere-B neighborhood presents a practical opportunity in the city's residential market. Its key appeal lies in its balance of a larger-than-average lot and a solid assessed value, positioned within a stable, established area.

The 912 sqft living space is modest, ranking below both neighborhood and city averages, suggesting a home better suited for a smaller household, a first-time buyer, or an investor. However, it sits on a 5,190 sqft lot, which is notably larger than most on its street, offering valuable outdoor space or future expansion potential. With a current assessed value of $325k—above the immediate street average—the property holds its value well in its local context. Previous sales show significant appreciation, last selling for between $350k-$400k in late 2021 after a 2016 sale in the $200k-$250k range.

This home would suit a value-conscious buyer who prioritizes land size over interior square footage, or someone looking for a manageable property in a mature neighborhood without the premium of a newly built home. It's a straightforward option where the investment is grounded more in the land and location than in the size or modernity of the structure.


Frequently Asked Questions

1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $325k is a municipal benchmark for taxation. Given that it sold for an estimated $350k-$400k in 2021, recent market conditions will be the primary driver. It's wise to review current comparable sales in Rossmere-B.

2. How does the smaller living area impact livability?
At 912 sqft, the home is cozier than the average Winnipeg house. This typically means efficient use of space and lower utility costs, but may require creative storage solutions. It's ideal for 1-2 people or a small family.

3. What are the advantages of the larger lot size?
The 5,190 sqft lot is a standout feature. It provides more private outdoor space than neighboring properties, room for gardening, play, or additions like a shed or deck. This can be a key value-driver in an older neighborhood.

4. The home was built in 1955. What should I consider?
Homes of this era are common in Winnipeg and are often solidly built. A thorough inspection is crucial to understand the condition of major systems (roof, wiring, plumbing, foundation) and what updates (like insulation or windows) may be needed for comfort and efficiency.

5. What does the sales history tell us about the property's trajectory?
The price increase from the 2016 sale to the 2021 sale indicates strong appreciation in that period. This history shows the property has been a solid asset, though past performance does not guarantee future results.

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