716 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1911-built home with 840 square feet of living space on a 3,356-square-foot lot, located in Winnipeg’s William Whyte neighbourhood. The assessed value is $143,000.
What stands out here is the land-to-living-area ratio. The lot is above average for both the street and the neighbourhood—ranked in the top 40% locally—while the house itself is smaller than most nearby homes (top 67% on the street). That combination often appeals to buyers who value outdoor space or see potential for a future addition. The assessed value is notably low citywide (top 97% of comparable homes are worth more), which suggests the price may be entry-level relative to the broader market.
The property suits first-time buyers looking for an affordable entry point in an older, established area, or investors who prioritize lot size over finished square footage. It may also appeal to someone willing to take on a project—older homes at this price point often need updating. The William Whyte neighbourhood offers a mix of character homes and rental properties, so buyers should be comfortable with a transitional, denser urban setting.
Frequently Asked Questions
1. How does the square footage compare to other homes nearby?
It’s on the small side. On this street, most homes are around 1,005 square feet (average), so this one is roughly 16% smaller. Within the wider William Whyte neighbourhood, it falls below the average of 1,158 square feet.
2. Why is the assessed value so much lower than the citywide average?
The citywide average for comparable homes is $390,100, while this property is assessed at $143,000. That gap mostly reflects location and age. Homes in older, central neighbourhoods like William Whyte tend to have lower values than newer suburban areas. The smaller living area and 1911 build year also push the assessment down.
3. What does the “rank” tell me about the land size?
The land area ranks in the top 41% on the street and top 40% in the neighbourhood. That means the lot is larger than most nearby properties—a less obvious advantage in a neighbourhood where many homes sit on narrower or shallower plots. For someone who gardens, wants a garage, or plans to expand, that’s a meaningful difference.
4. Is a 1911 home likely to have major issues?
Homes of this vintage often have solid bones (thick timber frames, brick foundations) but may need updated electrical, plumbing, or insulation. The age does not automatically mean problems, but a thorough inspection is wise—especially for older wiring and lead paint. The good news is that older homes in this area are often less prone to the cookie-cutter building flaws of later eras.
5. Who typically buys in William Whyte?
It’s a mixed market. First-time buyers priced out of pricier neighbourhoods are common, as are investors looking for lower-priced rental properties. The area has a reputation for being rough around the edges, but also for having strong community ties and good access to downtown. It’s not for everyone, but for someone who values affordability and character over polish, it can be a solid starting point.