302 Redwood Avenue

302 Redwood Avenue – Property Summary

Key Characteristics & Buyer Fit

This is a 1,508 sqft home built in 1907, sitting on a 4,576 sqft lot in Winnipeg’s William Whyte neighbourhood. The standout feature is the land. On its own street, the lot ranks in the top 10%—and within the wider neighbourhood, it’s in the top 4%. That’s unusual for an older infill area, where lots tend to be tighter. The living area is also generous for the street (top 7%), though more in line with city norms.

The assessed value is low—$114k—which puts it well below both the street and city averages. For a buyer, that could signal an opportunity to build equity through renovation, especially given the above-average living space and lot size. The year built (1907) is older than most nearby homes and the city median, so expect maintenance typical of a century home: possible knob-and-tube wiring, lead pipes, foundation settling, or drafty windows. This property will likely appeal to buyers who are comfortable with older construction and see potential in adding value over time. It’s less suited for someone looking for a move-in-ready, low-maintenance home or a family needing top-tier schools and newer infrastructure.

The neighbourhood rank for value is around average—meaning it’s not overvalued compared to nearby homes. Citywide, the assessed value is in the bottom 1%, which reflects the area’s affordability and the home’s age, not necessarily its condition.

Five Possible FAQs

1. Why is the assessed value so low compared to the city average?
The citywide average includes newer, more expensive areas. This home is in an older, more affordable neighbourhood, and its 1907 construction factors into the assessment. The low value isn’t unusual for this part of Winnipeg—it’s consistent with the local market.

2. How does the lot size compare to other homes nearby?
Very favourably. The lot is nearly 1,000 sqft larger than the typical home on the same street, and over 1,200 sqft larger than the neighbourhood average. Citywide, Winnipeg has many larger suburban lots, but for this neighbourhood, it’s exceptional.

3. What should I expect from a house built in 1907?
Older homes often have thicker walls, solid wood framing, and character details, but they also come with aging infrastructure. Be prepared to inspect the electrical system, plumbing, roof, and foundation. Some windows and insulation may need updating to improve energy efficiency.

4. Is the neighbourhood (William Whyte) a good area to invest in?
The data shows the property is around the neighbourhood average in assessed value, meaning there’s no obvious premium or discount relative to nearby homes. The large lot and above-average living area give you more flexibility for additions or renovations than many comparable properties. That said, investment returns will depend on broader neighbourhood trends and what you put into the house.

5. How does this home rank for living space?
It’s above average at all three levels: top 7% on the street, top 16% in the neighbourhood, and top 30% citywide. The 1,508 sqft is noticeably roomier than most homes in William Whyte, which tend to be closer to 1,100–1,200 sqft.