Property Overview: 835 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2020, stands out as a distinctly modern property in the Burrows Central neighbourhood. Its primary appeal lies in its new construction, offering a move-in-ready condition without the immediate concerns or renovation costs typical of much older homes in the area. With 1,251 sqft of living space, it provides above-average roominess for its immediate street and neighbourhood context.

The property’s characteristics create a specific value proposition. The lot is compact (2,283 sqft), which translates to lower maintenance but less private outdoor space. There is a basement, though it is not renovated, and no garage. The home’s assessed value is notably high compared to nearby properties, reflecting its newer age and condition.

This home would best suit a practical buyer looking for modern systems, energy efficiency, and a blank-slate interior in a well-established neighbourhood. It’s ideal for someone who prioritizes a worry-free structure over a large yard or extensive renovation projects. It also represents a unique opportunity to be the first long-term owner of a newer build, setting its own history in a community of mostly century-old homes.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring homes?
The assessed value reflects the home’s very recent construction year (2020). Compared to the neighbourhood average build year of 1934, this property has modern materials, systems, and fixtures, which are valued significantly higher by the assessor than the aged components of surrounding homes.

2. What does “basement, not renovated” imply?
It indicates the basement is unfinished. It provides valuable utility space for storage, laundry, and mechanical systems, and offers potential for future development, but it is not currently a livable family room or recreational space.

3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is below average in size for the city, meaning less yard work and lower exterior maintenance costs. However, it also means limited space for large gardens, extensive play structures, or adding significant exterior additions like a large garage or deck.

4. How does the living space compare practically?
At 1,251 sqft, the living area is generous for the local area, where many homes are under 1,000 sqft. It should comfortably accommodate a small family or couple. For city-wide comparison, it sits around the average, offering a standard amount of room without being overly spacious.

5. What is the significance of the home’s “elite” ranking for year built?
This statistical ranking highlights just how uncommon a newly built home is in this specific location. You are not just buying a house, but effectively buying the newest house on the block by a wide margin, which is a rare find in mature neighbourhoods and a key factor in its valuation.