Property Overview: 905 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 905 Redwood Avenue in Burrows Central presents a distinct profile defined by its modern age and modest footprint. Built in 2020, it is a true outlier in its neighbourhood, ranking among the newest 1-3% of homes in the area and city-wide. This is its primary appeal, offering a move-in-ready property with contemporary building standards and minimal immediate maintenance concerns.

The home’s characteristics create a specific niche. With a living area of 976 sqft, it provides adequate space for individuals, couples, or small families. The lot size of 2,283 sqft is notably smaller than area averages, resulting in lower yard maintenance—a potential benefit for those seeking simplicity. The home lacks a garage and has an unrenovated basement, indicating room for future customization.

This property would best suit pragmatic first-time buyers or downsizers who prioritize modern construction and efficiency over square footage. It’s also a sensible option for investors looking for a newer, resilient rental property in a community of predominantly older homes. The appeal lies in trading the larger, often renovation-heavy homes common to the area for a newer, more manageable asset.

Section 2: Frequently Asked Questions

1. Is the assessed value unusually high for the area?
Yes. The assessed value of $27.9k ranks in the top 11% on its street and top 8% in Burrows Central, largely due to its new construction. It’s assessed significantly higher than nearby, older homes of similar size, reflecting its modern build rather than premium location or finishes.

2. What does the "unrenovated basement" mean?
The basement is finished as part of the bi-level layout but has not been updated since the home was built in 2020. It’s essentially a blank canvas; it’s functional and new, but may lack custom flooring, paint, or built-ins a buyer might desire.

3. How does the small lot size impact daily living?
The lot is less than half the city-wide average. This means minimal yard work and lower exterior maintenance costs. The trade-off is limited private outdoor space and potentially less room for additions like a large deck or future garage.

4. The home sold for $26.8k in 2021. What does that indicate?
This confirms the home is very new, likely purchased directly from the builder or a developer. The close alignment between the 2021 sale price and the current assessed value suggests stable valuation in its category.

5. Are comparable homes easy to find in this area?
Not really. The provided comparisons (like 912 or 861 Redwood) are much older (built 1912-1914) and have lower assessed values. True comparables in age and size are scarce in Burrows Central, which can make direct market comparisons challenging but also underscores this property’s uniqueness.