Property Overview: 1001 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a notably modern home in a mature neighbourhood, creating a distinct profile. Its key characteristic is its 2023 build, placing it in the top 1% of homes for age on its street and in Burrows Central. This means it offers a move-in-ready condition with contemporary construction standards, a rare find in the area. The living space (1,356 sqft) is comfortably above average for the locality, housed in a two-storey layout, and includes a renovated basement, adding functional space.

The appeal lies in this contrast: you acquire a new, low-maintenance home without the premium price tag typically associated with newer subdivisions. It suits practical, value-conscious buyers looking for modern comfort and efficiency without leaving established neighbourhoods. It’s an ideal match for first-time homeowners who want to avoid renovation projects, or for investors seeking a relatively new property with strong rental appeal due to its modern amenities and condition. A thoughtful perspective is that while the land size is modest, this aligns with a lower-maintenance yard, appealing to those with busy lifestyles.

Section 2: Frequently Asked Questions

1. Is the property truly a 2023 build, or is it a major renovation?
The data lists it as "Year Built 2023," indicating it is a new construction, which is supported by its elite ranking for age compared to neighbouring homes, most of which were built in the early 1900s.

2. Why is the assessed value significantly different from the recent sale price?
The assessed value is $39.80k, but it sold for $47.50k in July 2023. This is common, as assessed values for tax purposes often lag behind market sale prices, especially for a unique, newly built property in an area of older homes.

3. What does "renovated basement" mean in a 2023 home?
As the home is new, this likely indicates a finished basement completed during the original construction, providing additional living or utility space from the outset.

4. There's no garage. Is there parking?
The listing specifies no garage. Parking would typically be via driveway or street. Given the smaller lot size, a dedicated driveway may be present but is not confirmed in the provided details.

5. How does the smaller lot size impact the property?
The land area is below average for the city. This translates to less outdoor maintenance, which can be a benefit for some. However, it may limit expansion possibilities or extensive landscaping compared to properties on larger lots.