Property Overview: 910 Redwood Avenue, Winnipeg
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 characteristics include a renovated basement, a detached garage, and a 1913 build date. The living space is compact at 871 square feet, which is typical for the immediate area but below the city-wide average.
The primary appeal lies in its value and potential. The home's assessed value ranks above average for both its street and neighbourhood, suggesting it is a well-regarded property within this specific market. The recent sale price in July 2024 of $27,100 represents a significant increase from its late-2019 sale, indicating rising demand or added value. This isn't a sprawling estate; its appeal is grounded in practicality. It would suit a first-time buyer seeking an entry point into homeownership, an investor looking for a manageable rental property, or someone who values a smaller, more efficient footprint without a large yard to maintain. The renovated basement adds functional living space, a key asset in a smaller home.
Section 2: Frequently Asked Questions
1. Is the land size a pro or a con?
At 3,295 sqft, the lot is very typical for Burrows Central. It offers adequate outdoor space without the maintenance burden of a much larger yard, which can be a positive for buyers seeking simplicity.
2. How does the 1913 build year affect the property?
While older than the city average, the home is actually around the average age for its street and neighbourhood. This means local tradespeople are likely very familiar with homes of this era and construction style. The renovated basement is a positive update to the original structure.
3. Why is the assessed value higher than area averages?
The above-average assessment for the street and neighbourhood suggests that the city assessor views specific features—like the renovated basement, the detached garage, or the overall condition—as adding value compared to nearby peers. It often reflects a well-maintained property in its local context.
4. What does the sale history indicate?
The $6,800 increase in sale price over approximately 4.5 years shows strong appreciation for this price segment. It points to a active and competitive market for well-priced, modest homes in this area.
5. Who might this property not suit?
It may not suit buyers looking for a modern, move-in-ready home with extensive original character, or those requiring significant square footage on a single level. The value here is in its fundamentals and location within its community, not in high-end finishes or spaciousness.