782 Redwood Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a 1913 home with 1,188 square feet of living space on a 3,341-square-foot lot. The assessed value is $159,000. What stands out here is the balance of the property’s metrics across different scales. On its own street, the living area is noticeably above average (top 23%), while the assessed value sits near the middle. That suggests you’re getting more interior space than the typical home on Redwood Avenue, without paying a premium for it.
At the neighbourhood level (William Whyte), the home is around average across the board, which means it fits in well with the surrounding stock. Citywide, however, both the assessed value and year built are in the bottom percentiles—this is an older, lower-value home compared to Winnipeg as a whole. The land area is also smaller than the city average, though not unusual for the street or neighbourhood.
The appeal lies in its relative value: a home with above-average living space on its street, at a price that’s middle-of-the-road for the area. It would suit a buyer who’s comfortable with an older home and wants a solid floor plan without paying a premium for a newer build or a larger lot. First-time buyers looking to enter the market in an established neighbourhood, or investors seeking a property with modest upside potential, would likely find it worth a look.
Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s around average for the street and slightly above average for the neighbourhood. Citywide, it’s well below average—which is typical for older homes in central Winnipeg neighbourhoods. The key takeaway is that on its own block, the price is fair relative to what else is there.
2. Is the 1913 build date a concern?
It’s older than most homes citywide, but in the William Whyte area, many houses date from the 1920s and 1930s. Being built in 1913 puts it slightly older than the neighbourhood average, but not unusually so. The age matters less than the condition—any pre-war home will have its own maintenance history, so an inspection is always wise.
3. Why is the living area analysis important here?
Living area is a strong point for this property. On its street, it ranks in the top 23%—meaning it’s bigger than three-quarters of the homes around it. For buyers who want more room without moving to a pricier area, that’s a real advantage. It also means resale appeal down the line, since larger homes in this price bracket are less common.
4. How does the lot size affect usability?
The 3,341-square-foot lot is close to the street and neighbourhood averages. It’s not a big yard by city standards, but it’s proportionate to the house and typical for older, denser parts of Winnipeg. If you want a large garden or room to expand, this likely isn’t it. If you want manageable outdoor space without much upkeep, it's fine.
5. What does the "rank by year, newer = better rank" mean?
This is simply how the data is sorted: older homes are ranked lower because newer construction is generally preferred. On Redwood Avenue, this home ranks around the middle. That means there’s a mix of newer and older houses on the street—so you’re not surrounded entirely by century-old homes, but you’re also not in a block of recent builds.