42.8
Below average
Property score
42.8
Below average
Overall 42.8
Smaller than most nearby homes
672 sqft (bottom 13%)
Built in 1929 (5 yrs older than avg)
Located in a above-average income area
with median household income of ~86k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 40%Tagalog · 34%
Past 10 years Burrows Central sales snapshot (~80% of all data)
665
215k
$209/sqft
1934
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42.8 is composed by the two sections below.
Property Score
Community Score
Burrows Central
How to read: Share of sales in each ~$50k price band for “burrows central” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110167
$86K
Median household income
$84K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
17%
Single-person households
46%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1115 Redwood Avenue — 8 amenities found within 500 m, across 7 categories, including 2 dining (nearest 423 m), 1 education (nearest 418 m), 1 healthcare (nearest 361 m).
Burrows Central · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
46%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 36% | Bottom 19% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1115 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, no-frills Winnipeg one-storey home built in 1929, situated on a standard-sized lot in the Burrows Central neighbourhood. Its key appeal lies in its straightforward, land-value proposition. The house itself is modest, with a living area significantly below local averages, and features an unrenovated basement and a detached garage. The most recent sale was in 2020 for $13,400, with a current assessed value that is modest compared to the wider city.
This property is best suited for a specific type of buyer. It would be an ideal entry point for a hands-on investor or a homeowner with renovation skills looking for a low-cost footprint to build equity through sweat equity. Its value is anchored more in the land and location than in the existing structure, making it a potential candidate for a long-term hold, a future rebuild, or a strategic addition to a rental portfolio focused on affordability. It’s not a move-in-ready home, but a foundational asset for someone comfortable with a project.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the living space is small and the basement is unrenovated, the structure may be sound for a live-in renovation. Its fate depends on a buyer's goals—it could be a gradual fixer-upper or, given the land value, a candidate for eventual replacement.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state, size, and location within the broader market. It indicates a home that hasn't seen major modern upgrades and is in a neighbourhood with more affordable property values compared to the Winnipeg-wide average.
3. What does the "below average" living area ranking mean practically?
With 672 sqft, the home is compact. It likely has two small bedrooms and basic common areas. This emphasizes a lifestyle of simplicity or a focus on outdoor space, as the lot size is more typical for the area.
4. The home sold for $13,400 in 2020. What does that suggest?
That sale price, well below typical market values, strongly suggests it was a non-arms-length transaction (such as between family members) or a sale of the land value only. It should not be used as a benchmark for its current market value.
5. Who would be the most likely neighbour or comparable buyer?
Looking at nearby and similarly assessed properties, the immediate community consists of other modest, older homes. The likely buyer is value-driven, possibly looking for proximity to the North End’s amenities and transportation links without a high entry cost.
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