Property Overview: 896 Redwood Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home on Redwood Avenue in Burrows Central is a classic Winnipeg property with a renovated basement and a detached garage. Built in 1912, it sits on a standard city lot of approximately 3,300 sqft. The living space of 1,098 sqft is notably above average for the immediate neighbourhood, offering more interior room than many comparable homes. A key feature is the renovated basement, which adds functional space and modern convenience to the century-old structure.

The appeal lies in its position as a solid, established home in a neighbourhood of similar properties. Its above-average assessed value for the area suggests it may have been maintained or updated relative to its peers. The home suits practical, value-conscious buyers—such as first-time homeowners or small investors—who are looking for character without the premium of a newer build or a larger lot. It’s a property for someone who appreciates having more interior space than is typical on the street, and who sees potential in a home where a key renovation (the basement) is already completed.

Frequently Asked Questions

1. What does the "above average" assessed value mean for this property?
While its assessed value is above average for Burrows Central, it remains well below the Winnipeg citywide average. This typically indicates the property is in good condition relative to its immediate peers, but is still priced within its established, modest neighbourhood.

2. The home was built in 1912. What should I be aware of?
As a 114-year-old home, prospective buyers should prioritize a thorough inspection. While the basement is renovated, the core structure, foundation, electrical, and plumbing systems are likely original or aged, and should be evaluated carefully.

3. How does the lot size compare?
The land area is around average for both the street and the neighbourhood, but is below average for Winnipeg as a whole. This is typical for central, older neighbourhoods and means yard space is standard for the area but not expansive.

4. The home last sold in late 2020. Is that relevant?
The sale price from 2020 is a historical data point, but market conditions have likely changed. It’s more useful to look at the current assessed value and recent sales of the "Worth viewing" comparable properties listed (like 954 Redwood Ave.) for a better sense of today’s value.

5. What are the implications of the detached garage?
A detached garage is common for homes of this era. It provides secure parking and storage but means dealing with a separate structure that may also require maintenance. Its condition and any potential for alternative uses (like a workshop) could be a plus.