Property Summary: 1150 Redwood Avenue, Winnipeg

Key Characteristics & Appeal

This is a classic one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1913. Its key characteristics include an 832 sqft living area, a full but unrenovated basement, and no garage. The lot is a notable feature at 3,231 sqft, which is above average for the immediate area and offers significant outdoor space relative to the home's footprint.

The primary appeal lies in its value as a land play or a foundational project. The assessed value is modest, and the property last sold in 2020 for $19,700, positioning it as one of the most accessible entry points into the Winnipeg market. Its lot size is a standout for the street, suggesting potential for expansion, gardening, or future redevelopment, subject to zoning. The home itself is a blank canvas, suited for a buyer willing to undertake renovations over time.

This property would best suit a pragmatic first-time buyer, an investor looking for a hold property with land value, or a hands-on individual seeking a manageable project home without the premium price of a turn-key property. It's for those who see utility and potential where others might see only immediate work.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roof lines, often creating cozy bedrooms with reduced ceiling height in parts. It's a common, efficient design for homes of this era.

2. How significant is the unrenovated basement?
It indicates the major systems and foundation are in original condition. A prospective buyer should budget for an inspection to understand the condition of plumbing, electrical, and the structure itself, as updates will likely be needed.

3. The lot seems large for the area. Is that an advantage?
Yes. The land is over 3,200 sqft, which is larger than many neighbouring properties. This provides more private outdoor space and could be a long-term asset, offering options that smaller lots do not.

4. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's age, condition, size, and market values in the Burrows Central area. It is in line with similar homes on the same street, indicating the valuation is typical for this specific locale, not the broader, more expensive Winnipeg market.

5. Are there any obvious concerns with a home built in 1913?
While full of character, homes from this period may have outdated wiring, plumbing, insulation, and require attention to the roof and foundation. The charm comes with the responsibility of updating these core elements to modern standards.