Property Overview: 921 Redwood Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home on Redwood Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in offering above-average interior space on a manageable lot. With 1,368 sqft of living area, the home is significantly larger than many comparable houses on its street and in the immediate area, providing a sense of roominess that isn't always found in homes of this era. A key feature is the renovated basement, which adds functional living space.

The house, built in 1946, is notably newer than many of its direct neighbours, which can suggest more modern construction materials and layouts for its time. The detached garage offers flexible storage or workshop potential. While the lot size is modest for the city overall, it is a manageable footprint that requires less maintenance. The property’s assessed value is consistently above average for its local context, indicating it is a substantial asset within its specific market.

This home would suit first-time buyers or downsizers looking for a character home with updated essentials (like the basement) and more interior space than the neighbourhood norm, without the burden of a large yard. It’s a grounded choice for a buyer whose priority is practical living space over a premium lot size.

Frequently Asked Questions

1. Is the lot size a disadvantage?
While the land area is below the city-wide average, it is a very typical size for the Burrows Central area. This can be an advantage for those seeking lower exterior maintenance. The space is efficient and likely fully utilized.

2. What does "above average" assessed value locally mean?
The home is assessed higher than most similar homes on its street and in the neighbourhood. This generally reflects its larger living area, newer construction date (compared to peers), and renovations. It suggests the property is considered a higher-value asset in its immediate market.

3. The home sold for $180k in 2020—how does that relate to today's value?
The 2020 sale price provides a historical benchmark. Given market changes and potential updates since then, a current appraisal or comparative market analysis would be necessary to determine today's value. The assessed value is for taxation purposes and is not a market price.

4. What are the implications of the home being "newer" than neighbours?
Built in 1946, it is younger than many surrounding homes, which often date to the 1910s. This can potentially mean fewer issues with very aged infrastructure (like original plumbing or electrical) and layouts that feel somewhat more modern, though still reflective of its mid-century era.

5. Who might the nearby "similar assessed value" properties be relevant for?
These listings, often in different neighbourhoods, show properties the city assesses at a similar value for tax purposes. They are not necessarily similar in style or condition but can be useful for understanding how this property fits into the broader municipal assessment landscape.