Property Overview
This 2017-built bi-level home at 898 Redwood Avenue offers a modern structure in the established Burrows Central neighbourhood. Its primary appeal lies in its relative newness compared to its surroundings. With 1,007 sqft of living space and a full, unrenovated basement on a 3,300 sqft lot, it presents a low-maintenance, blank-canvas opportunity. The home has no garage or pool.
The key characteristic is its standout age in a neighbourhood of mostly century-old homes. While its living and land size are average for the immediate area, its year of construction is in the top 5% locally, suggesting modern building standards, systems, and likely fewer immediate major repairs. The assessed value is notably higher than area averages, reflecting this newer construction. It suits a practical buyer looking for a modern foundation in a mature neighbourhood, potentially a first-time homeowner or an investor who values newer infrastructure over size or finished amenities. It’s a home where value is derived more from its condition and age than from square footage or luxurious features.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes?
The significantly higher assessed value is directly tied to the home's 2017 construction date. Compared to the many pre-1940s homes in the area, this property benefits from modern materials, electrical, plumbing, and insulation standards, which are reflected in its valuation.
2. What does "basement, not renovated" imply?
It indicates the lower level is unfinished. This is a key opportunity, offering flexible space for storage, a future rec room, or additional bedrooms, but will require investment to complete. For some buyers, an untouched basement is preferable to a poorly executed renovation.
3. How does the lack of a garage affect usability?
The property has no garage, which is common for many lots in the area. Buyers should plan for street parking and consider the cost of adding a shed or future parking structure if needed, subject to local bylaws.
4. The home is newer, but is the lot size sufficient?
At 3,300 sqft, the lot is average for Burrows Central. It provides a standard yard space for the neighbourhood but is below the Winnipeg city average. It suits those wanting manageable outdoor maintenance rather than extensive grounds.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home with a finished basement and garage, or those prioritizing maximum interior square footage for the price. Its value proposition is its modern build on a standard lot, not expansive size or turn-key finishes.