Property Overview: 1003 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Redwood Avenue in Burrows Central presents a compelling mix of modern convenience within a mature neighbourhood. Its standout feature is its age: built in 2023, it is a brand-new construction, ranking in the top 1% of homes for year built on its street, in the area, and citywide. This means it offers move-in-ready condition with contemporary building standards, a rare find in this setting.
The home offers 1,356 sqft of living space, which is above average for both the street and the Burrows Central area. It includes a renovated basement, adding to its functional space. Notably, the property sits on a 2,285 sqft lot, which is below average in size for Winnipeg but typical for the local area.
The appeal lies in acquiring a new, low-maintenance home without the premium often associated with newer subdivisions. It suits first-time buyers seeking a modern, worry-free property, or investors looking for a newer build with strong rental potential. The data suggests it has already demonstrated solid value appreciation, having sold for well above local averages in 2023. It’s ideal for those who prioritize a modern interior over a large yard.
Section 2: Frequently Asked Questions
1. Is the below-average lot size a major drawback?
Not necessarily. While the yard is smaller than the Winnipeg average, it is typical for the central Burrows area. This can mean less exterior maintenance, which pairs well with the new home's low internal upkeep.
2. What does the "Elite" ranking for Assessed Value mean?
This indicates the home's assessed value is in the top 1% compared to its immediate neighbours on Redwood Avenue. It reflects that this newer construction is valued significantly higher than the much older homes that surround it, which is a common pattern.
3. There's no garage. Is street parking difficult?
The listing notes no garage. Prospective buyers should visit at different times to assess on-street parking availability firsthand, as this can vary greatly in established neighbourhoods.
4. The home sold very recently in 2023. Why is it back on the market?
This is a key question for your real estate agent to investigate. While it could be due to many neutral reasons (relocation, change in circumstance), understanding the brief ownership history is always prudent.
5. How does living in a new home among older ones affect resale?
It can be a double-edged sword. The home will likely always stand out as a premium, modern property on the block, which attracts a specific buyer. However, its future value may be less influenced by the older neighbouring homes and more by general market trends and its own condition.