Property Overview
619 Redwood Avenue is a modern, recently built bi-level home in Winnipeg's Inkster-Faraday neighbourhood. Its standout feature is its age—built in 2023, it is among the newest homes available in the area. The home offers 882 sqft of living space with a renovated basement, sitting on a compact 2,282 sqft lot. It does not include a garage or pool. The property's assessed value is notably high for its immediate locale, ranking in the top 4-9% of its neighbourhood and street, which is unusual for a home of its relatively modest size.
Key Characteristics & Appeal
The primary appeal of this property is its modernity. As a 2023 build, it offers a move-in-ready condition with contemporary building standards, likely requiring minimal immediate maintenance or updates. This is a significant contrast to the area's average home, which dates back to the 1930s. The renovated basement adds functional living space.
Its appeal lies in offering a new, low-maintenance housing option in an established, typically older neighbourhood. It suits first-time buyers or downsizers who prioritize modern mechanics and finishes over square footage or yard size. The compact lot means less outdoor upkeep, which could be a plus for busy professionals or those seeking a simpler lifestyle. However, the high assessed value relative to nearby properties suggests it may be priced at a premium for its newness, rather than its size or land value. It’s a trade-off: you’re paying for condition and age in a market where those are rare commodities.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value reflects the property's very recent construction (2023). It is valued as a modern asset with new systems, fixtures, and materials, unlike the much older homes that dominate the area.
2. What does the "renovated basement" include?
The listing specifies the basement is renovated, but the exact finishes and layout are not detailed here. A viewing or inquiry with the listing agent would be necessary to understand the full scope of the renovation.
3. Is the lack of a garage a significant drawback?
This depends on the buyer's needs. The property has no garage, which is common for many homes in the area. Buyers reliant on vehicle storage or workshop space would need to consider this, while others may find street or potential driveway parking sufficient.
4. How does the living space compare to a typical home?
At 882 sqft, the living area is slightly below the average for the Inkster-Faraday neighbourhood (~1,025 sqft) and is more compact compared to the Winnipeg city-wide average. The efficient use of space in a new build and the additional renovated basement area help offset the smaller main floor square footage.
5. Where can I find the exact historical sale price?
The exact sold price from its last transaction in April 2023 is not publicly displayed in this data. You can request the precise figure by emailing the source of this page, which provides that detail manually.