Property Overview
This one-and-a-half storey home on Redwood Avenue presents a classic Winnipeg character home with practical updates. Its key appeal lies in its balance of historic charm and modernized functionality, anchored by a renovated basement that adds valuable finished space to the 1,004 sqft main living area. The detached garage and a land size that is above average for the city (over 6,500 sqft) offer good outdoor potential. While built in 1912, the home’s above-average assessed value for its street suggests it has been maintained or improved in ways that set it apart from immediate neighbors.
This property would suit a first-time homebuyer or a practical investor looking for a character home in Burrows Central without a major renovation project. It’s also a fit for someone who values a larger lot over a larger house, seeing potential for gardens, expansion, or simply more private outdoor space than is typical in newer subdivisions. The recent sale history indicates a move-in-ready property, appealing to those who want the charm of an older neighborhood but need a home that’s been cared for.
Frequently Asked Questions
How does the renovated basement add value?
Beyond extra living space, a professionally renovated basement in a century home often addresses foundational issues like moisture control and updates essential systems, providing modern comfort and potentially lowering immediate maintenance costs.
Is the higher assessed value on the street a concern for property taxes?
It can indicate a higher tax bill compared to some neighbors, but it also reflects the city’s recognition of the property’s condition and improvements. It’s a sign of invested value, not just market inflation.
What are the considerations with a detached garage?
It offers flexibility for storage or a workshop without impacting home air quality, but requires navigating the elements in winter. Its placement on the large lot also leaves ample room for other yard uses.
The home is older than most in the city. What does that mean?
It comes with the character and solid construction of its era, but buyers should prioritize a thorough inspection focusing on the roof, foundation, and original plumbing/electrical updates to understand the true maintenance timeline.
How does the lot size compare meaningfully?
At over 6,500 sqft, the lot is significantly larger than the Winnipeg average. This isn’t just about yard space; it provides better privacy, natural light, and potential for future additions like a deck, garage expansion, or garden that wouldn’t be possible on a standard modern lot.