Property Overview: 1171 Redwood Avenue

Key Characteristics & Buyer Appeal

This bi-level home at 1171 Redwood Avenue presents a compelling mix of modern build and practical footprint. Its standout feature is its age: built in 2020, it ranks in the top 2-3% of homes for newness on its street, in the Burrows Central neighbourhood, and citywide. This translates to modern construction standards, newer major systems, and minimal immediate maintenance concerns. With 1,010 sqft of living space, it offers a comfortably average-sized layout for the immediate area.

The appeal here is grounded in efficiency and value. The property sits on a modest, manageable lot (2,379 sqft), which means less yard work and lower exterior maintenance costs—a practical advantage for those seeking a low-maintenance lifestyle. While the basement exists, it is noted as not renovated, presenting a clean canvas for future expansion or storage. The absence of a garage is offset by the home’s modern condition and its above-average assessed value for the neighbourhood, suggesting a solid investment in a community where it stands out.

This property would suit first-time homebuyers or practical downsizers who prioritize a modern, move-in-ready home without the upkeep of a larger lot or an older structure. It’s also a sensible option for an investor looking for a newer rental property with potentially lower repair costs. The home offers a “right-sized” opportunity: it’s not the largest, but its newness provides a quality-of-life premium in its market segment.

Frequently Asked Questions

1. What does "bi-level" mean for this home?
A bi-level typically features an entryway set between two floors. You walk in to a short foyer with stairs leading up to the main living areas and down to a lower level. Here, the lower level includes a basement that is not renovated.

2. How does the lot size impact this property?
At 2,379 sqft, the lot is smaller than many in Winnipeg. This is a key feature for buyers who want minimal yard maintenance. For those hoping for extensive gardening, outdoor space, or future additions, the lot size could be a limitation.

3. The home sold for $280k in 2020; what does the assessed value indicate?
The current assessed value of $27.6k is for taxation purposes only and is not a market valuation. It is notably above the average for Burrows Central, which can reflect the home’s newness but also means property taxes may be higher relative to older homes in the same area.

4. There's no garage. What are the parking options?
The listing indicates no garage, so parking would be via driveway or on-street. Prospective buyers should verify the driveway capacity and review any local street parking regulations.

5. The basement is "not renovated." What condition should I expect?
This generally means the basement space is unfinished or in a rough state. It likely has concrete floors and walls, with exposed utilities. It offers potential for future living space, storage, or a utility area, but would require a significant investment to finish.