Property Overview: 1002 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1002 Redwood Avenue in Burrows Central presents a compelling mix of modern foundation and practical potential. Its most standout feature is its age: built in 2020, it is a notably newer construction compared to most homes in the area, which typically date back to the early 1900s. This suggests modern building standards, newer major systems (like plumbing and electrical), and potentially lower immediate maintenance costs.
The house sits on a modest, manageable lot and offers 956 sqft of living space, which is average for the immediate neighbourhood. It includes a basement (not renovated) and a detached garage. The appeal here is rooted in its efficiency and opportunity. It suits first-time buyers or practical investors looking for a solid, newer structure without the premium price of a brand-new build in a more central area. It’s also a sensible choice for those who prefer a smaller yard to maintain. A thoughtful perspective is that this property offers a "blanker slate" than its century-old neighbours; while it lacks character from renovations, it also avoids the hidden issues and outdated layouts common in older homes, allowing the buyer to customize without first undoing someone else’s work.
Section 2: Frequently Asked Questions
1. Why is the assessed value relatively high for the area?
The assessed value is significantly higher than many neighbouring homes primarily due to the property's very recent build year (2020). Assessors value newer construction and modern components more highly than older ones, even if the home's size or lot is modest.
2. What does "basement, not renovated" imply?
This indicates the lower level is unfinished or in a basic, utilitarian state. It presents an opportunity for future expansion or customization (like creating a rec room or suite) but will require investment to become finished living space.
3. How does the lot size impact this property?
At 2,532 sqft, the lot is smaller than many in Winnipeg but is quite typical for this specific neighbourhood. This is an advantage for buyers seeking lower outdoor maintenance, but it may limit options for large additions, pools, or extensive landscaping.
4. The home sold for $28.5k in 2020. What does that price indicate?
That sale price reflects the initial purchase of the newly built home, likely from a developer or builder. It is not comparable to the resale value of an established home and should not be used as a benchmark for its current market value.
5. Who would this property not suit?
It may not suit buyers looking for a move-in-ready home with a finished basement or extensive upgrades. Additionally, those seeking a large lot, mature trees, or the established character of an older home might find this property too basic or modern for their tastes.