Property Overview: 826 Redwood Avenue
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristic is a renovated basement, adding valuable finished space to the 840 sqft main floor. The home is historic, built in 1909, and features a detached garage.
Its primary appeal lies in value and potential. The property's assessed value ranks above average for its street, suggesting a solid foundation relative to immediate peers. It suits practical, value-conscious buyers such as first-time homeowners seeking an entry point, investors looking for a rental property with a renovated basement suite (subject to verification), or downsizers wanting a manageable footprint with a low-maintenance lot. A thoughtful perspective is that while the home is older and smaller than the city average, it represents a chance to own in a mature neighbourhood without a premium price, focusing utility over size.
Section 2: Frequently Asked Questions
1. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. A professional inspection is recommended to determine the quality of the renovation, ceiling height, and whether it includes a separate entrance or kitchen (which would indicate suite potential).
2. How does the assessed value compare to the sale price?
The last recorded sale was in September 2020 for $19,500. The current assessed value is $20,300. This close alignment suggests municipal assessment is in line with its recent market activity, but the current listing price should be verified.
3. Is the lot size a pro or con?
At 3,324 sqft, the lot is around average for both the street and neighbourhood. This is a pro for manageable upkeep but may not allow for expansive additions. It's typical for the area's urban density.
4. What are the implications of the 1909 build date?
While the home's age is greater than most on its street, this is common for the core neighbourhood. It necessitates a careful inspection of foundational elements, wiring, plumbing, and insulation to understand any needed updates or historical charm preserved.
5. Who are the typical neighbours?
Nearby properties on Redwood Avenue are of similar vintage and scale, indicating a stable, established streetscape. The comparable listings suggest the area consists primarily of modest, single-family homes.