887 Redwood Avenue

Property Overview: 887 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, century-old one-storey home in Winnipeg's Burrows Central neighbourhood. Its key characteristic is its modest scale on a standard city lot. With 612 sqft of living space, it is notably smaller than most area homes, but it features a renovated basement, adding functional space. The detached garage and a land area of 2,283 sqft are typical for the street.

The primary appeal lies in its affordability and efficiency. It represents a straightforward entry point into homeownership, with an assessed value that is average for its immediate street but below the citywide average. It suits first-time buyers, investors, or downsizers seeking a low-maintenance footprint without a major renovation project. A thoughtful perspective is that its smaller size and recent basement update could mean lower utility costs and a manageable space to maintain or customize, appealing to those prioritizing financial simplicity over square footage. It’s a practical choice rather than a premium one.

Section 2: Frequently Asked Questions

1. Is the house in need of major updates?
While the basement has been renovated, the main house was built in 1910. Buyers should budget for the maintenance and potential updates typical of a home of this age, such as windows, wiring, or plumbing.

2. How does the small living area affect livability?
At 612 sqft above grade, the floor plan is compact. The renovated basement effectively doubles the usable space, making it crucial for storage or as a living area. It would suit one or two people comfortably.

3. What is the neighbourhood like?
Burrows Central is a mature, established neighbourhood. The property rankings show it is very typical for this area in terms of lot size, age, and value, suggesting stability rather than rapid appreciation.

4. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and location. It is in line with values on Redwood Avenue, indicating the assessment is consistent with its immediate context, not the broader, more varied Winnipeg market.

5. What are the comparable nearby properties like?
Nearby listings on Redwood and Aberdeen Avenues are similar in age, size, and value. This consistency suggests the listing price is likely competitive within this specific niche of smaller, historic homes in the area.