Property Overview: 1012 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, one-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its combination of new construction and a renovated basement within a more affordable market segment. The home is compact, with 756 sqft of living space, making it efficient and low-maintenance.

The property stands out on its street and in its immediate area for being exceptionally new, ranking in the top 1% for year built. While the lot size (2,531 sqft) and living area are below the local averages, this translates to a manageable yard and home, potentially appealing to those seeking simplicity. The assessed value is notably above average for the neighbourhood, suggesting the updates and new build status are recognized.

This home would best suit first-time buyers, downsizers, or investors looking for a modern, worry-free property without extensive upkeep. It’s a practical choice for someone prioritizing newer systems and finishes over square footage, and who values being part of an established community rather than a new subdivision.

Section 2: Frequently Asked Questions

1. Is this a true single-family home?
Yes, it is a detached, one-storey single-family home. Its smaller scale and lot size offer a house-like feel with less maintenance than a larger, older property.

2. What does "renovated basement" imply?
The listing confirms a renovated basement, which adds valuable finished space. Given the modest main floor area, this basement likely provides crucial extra room for storage, utilities, or additional living space.

3. How does the sale price relate to the assessed value?
The home sold for $31,300k, which is higher than its $25,800k assessed value. This is common for newer or recently updated homes, as the sale price reflects the current market, while assessed value for taxation may lag behind.

4. What is the neighbourhood like?
Burrows Central is an established neighbourhood. The nearby comparison homes are much older (mostly built early 1900s), indicating this is a rare new infill property on a street of classic Winnipeg homes, offering a blend of modern living in a traditional setting.

5. There's no garage; is street parking manageable?
The property has no garage. Prospective buyers should observe parking availability on Redwood Avenue, as this will be the primary option. The close proximity of neighbouring homes (as shown in the nearby properties list) suggests a typical urban street parking scenario.