Property Overview: 940 Redwood Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1923, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in a solid foundation of space and location. With a living area of 1,131 sq ft, it offers above-average interior space for both its immediate street and the wider area, providing more room than many comparable homes. The property sits on a standard 3,287 sq ft lot and includes a detached garage.
The home’s primary draw is its value proposition within a well-established, no-frills context. It suits buyers looking for an entry point into homeownership, an investor seeking a rental property, or a hands-on individual comfortable with a home that has an unrenovated basement. The assessed value is notably below the citywide average, suggesting a potentially accessible price point. A thoughtful perspective is that while the home is older, its construction date is typical for the neighbourhood, meaning future maintenance may align with common local expertise and material availability. Its above-average living space for the area also offers a relative sense of spaciousness without the premium of a larger lot.
Frequently Asked Questions
1. What does "basement, not renovated" typically imply?
It usually means the basement is in original or functional condition, but may lack modern finishes. It presents potential for future development but should be inspected for foundational integrity, moisture, and mechanical systems.
2. How should I interpret the comparative rankings for Land Area and Year Built?
These metrics show the property is very typical for Burrows Central. The lot size and age are near the neighbourhood average, indicating it fits the local character and won’t stand out as unusually small or old on its street.
3. The citywide assessed value seems very low. Why is that?
The assessed value is for taxation purposes and is not market value. Its low ranking citywide reflects that this is a more affordable area compared to Winnipeg's overall market, not the home's specific sale price.
4. What are the practical considerations of a detached garage?
It provides valuable storage or workshop space separate from the house. Considerations include its condition, the walk to it in winter, and whether the driveway can accommodate parking.
5. The living area is noted as "above average." How significant is this?
With about 130-170 more square feet than area averages, this translates to potentially more functional room inside—an advantage for daily living—even if the exterior and lot are standard for the locale.