Property Overview: 914 Redwood Avenue
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home built in 1913, situated on a standard city lot in the Burrows Central neighbourhood. Its primary appeal lies in its efficient use of space and its position as a straightforward, lower-value entry point into the Winnipeg market. With 1,142 square feet of living area, the home is notably larger than many comparable properties in its immediate area and neighbourhood, offering more interior room than typical for its peer group. The lot size is average for the street and area, providing a balanced outdoor space without extensive maintenance demands.
The property suits practical, value-conscious buyers. It would appeal to a first-time homeowner comfortable with a home of vintage character, an investor looking for a rental property with a historically low assessed value, or someone seeking a modest footprint with a layout that offers more space than the exterior might suggest. It’s a home that represents function over frills—there is no garage, pool, or renovated basement noted, positioning it for someone who sees potential in the essentials or prefers a blank canvas for future updates. A thoughtful perspective is that, while its city-wide rankings for value and lot size are below average, this precisely indicates its affordability and niche; it’s a local-market property, not competing with newer suburban homes, which can be an advantage for buyers focused on specific, established communities.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is in a functional, likely unfinished state, suitable for utilities and storage.
2. How does the living area compare to nearby homes?
This home has an above-average living area for both its street and the Burrows Central neighbourhood. At 1,142 sqft, it offers more interior space than many direct comparables.
3. What does the assessed value indicate?
The assessed value is significantly below the city-wide average, reflecting the home's age, location, and market segment. It is, however, around average for the immediate area, indicating it is priced in line with local expectations.
4. Has the property value been stable?
Recent sale data shows a significant drop in sale price from 2017 to 2024. This warrants direct inquiry with a real estate professional to understand the specific market factors and conditions behind this change.
5. What is the lot like?
The lot is approximately 3,294 square feet, which is average for the street and neighbourhood. It provides a typical urban yard space, ranking smaller than the much larger average lot city-wide.