Property Overview: 1165 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home built in 1948 on a standard city lot in the Burrows Central neighbourhood. Its primary appeal lies in its straightforward, no-frills profile and its position as an affordable entry point into the Winnipeg market. The house itself is compact at 926 sq ft of living space and features an unrenovated basement, with no garage or pool.

The data reveals a property that is consistently "around average" for its immediate street and neighbourhood in terms of lot size, living area, and assessed value. However, its year built is a relative strength, being newer than many comparable homes nearby. On a citywide scale, the home's metrics are below average, which directly correlates with its notably low assessed value—a key defining feature.

This home would suit a pragmatic, value-conscious buyer. Ideal candidates include first-time purchasers seeking minimal debt, investors looking for a rental property with low property tax overhead, or downsizers prioritizing simplicity and location over size and modern finishes. It represents a practical choice for those who see potential in a basic structure or who view the land itself as the primary long-term asset.

Section 2: Frequently Asked Questions

1. What does "around average for the neighbourhood" actually mean for this home?
It means that for Burrows Central, the lot size, living space, and official value are very typical. You're not getting an unusually large lot or house for the area, but you're also not overpaying for those features relative to your immediate neighbours.

2. The assessed value seems very low. What does that indicate?
The low assessed value is the most striking data point. It reflects the home's basic condition, smaller size, and simpler features compared to the Winnipeg average. The primary benefit is proportionally lower property taxes, which is a significant ongoing cost saving.

3. The home was built in 1948. Is that a concern?
Interestingly, the data shows it's actually newer than many homes on its street and in the area. While systems like plumbing or electrical may still need attention due to age, it's a relatively younger home in its specific context, which can be a slight advantage.

4. Who might this property not be suitable for?
It would likely not suit buyers looking for a move-in ready home with modern amenities, those who require ample storage (note the lack of garage and unrenovated basement), or families needing more bedroom and living space than the 926 sq ft layout can comfortably provide.

5. How should I interpret the sale history?
The home sold very recently in March 2022 for a price close to its current assessed value. This suggests a stable, non-speculative market for the property in recent years. A buyer should investigate why it is being sold again so soon after the last purchase.