Property Overview: 947 Redwood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its position as a modest, no-frills property with a below-average assessed value, suggesting a potentially accessible entry point into the market. With 958 sqft of living space, it offers compact, manageable proportions. The home sits on a 2,283 sqft lot, which is smaller than most in the city but typical for its immediate area. It features a basement (not renovated) and does not include a garage or pool.

The property would best suit a first-time buyer, an investor, or a downsizer seeking a straightforward, low-maintenance footprint without the premium for larger lots or modern renovations. Its assessed value ranks significantly below the citywide average, indicating a focus on essential shelter rather than luxury. A thoughtful perspective is that its very ordinariness—being average or slightly below average in most metrics for its local area—could be a stability advantage, insulating it from the volatility that sometimes affects more "trending" properties. It represents the backbone of the housing market: a functional home for those prioritizing practicality and cost-effectiveness over size or updated finishes.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value of $12.4k is a figure used for calculating municipal property taxes, not the market sale price. Its ranking in the bottom third citywide strongly indicates this is a very economically priced home, likely reflecting its age, size, and condition.

2. How does the lot size impact this home?
At 2,283 sqft, the lot is smaller than the Winnipeg average but is common for the Burrows Central area. This means lower exterior maintenance but also limited space for expansions, large gardens, or adding a garage.

3. The home was built in 1914. What should I consider?
A 110-year-old home will have character but requires diligent inspection. Key focuses should be the foundation, roof, wiring, plumbing, and insulation. The unrenovated basement should be checked for moisture issues and structural integrity.

4. Who might this property not be suitable for?
It may not suit buyers looking for move-in-ready, modern finishes, those who require ample storage or vehicle shelter (as there is no garage), or families needing more space, given the compact living area.

5. The data shows it's "below average" in many citywide rankings. Is that a bad sign?
Not necessarily. For the right buyer, this is the source of its affordability. It positions the home as a pragmatic choice within its local context, where it is more comparable to its neighbours. It’s a classic example of a property whose value is defined by local market dynamics rather than citywide averages.