Property score
32.4
Below average
Overall 32.4 · Smaller and older than most nearby homes
699 sqft (bottom 12%) · Built in 1910 (20 yrs older than avg)
Located in a above-average income area with median household income of ~62.8k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 2 healthcare facilitys, 3 shops, and 3 parks nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
20 yrs older than neighborhood avg.
Mother tongue
English · 55%Tagalog · 26%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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32.4 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110922
$63K
Median household income
$79K
Average household income
17%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
27%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
647 Redwood Avenue — 18 amenities found within 500 m, across 7 categories, including 3 education (nearest 257 m), 2 healthcare (nearest 442 m), 3 shopping (nearest 222 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 22% | Bottom 6% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 5% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 647 Redwood Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, presenting a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristics are defined by its modest scale: a 699 sqft living area and a 2,283 sqft lot, both notably smaller than area averages. The home features a detached garage and an unrenovated basement. Its assessed value is significantly below citywide averages, reflecting its position as one of the most affordable properties in Winnipeg.
The primary appeal lies in its extreme affordability and low financial barrier to entry. It suits buyers with a clear vision for incremental improvement, such as first-time purchasers seeking to build equity, hands-on investors looking for a rental property with minimal initial outlay, or downsizers prioritizing minimal property maintenance and taxes. A less obvious perspective is its potential for someone interested in a "right-sizing" urban lot—the smaller parcel is manageable and could be creatively maximized with landscaping or outdoor living spaces, unlike larger, more demanding yards. It’s a property for those who see value in fundamentals: land ownership in the city at a very low cost, with the understanding that the home itself requires personal investment and vision.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property’s specific attributes—its smaller size, older age, and unrenovated condition—relative to the broader market. It consistently ranks in the bottom 10-15% of comparable properties in its area and citywide, which directly translates to its lower valuation and subsequent property taxes.
2. What does "below average" for Year Built mean for this house?
Built in 1910, it is older than about 75% of homes on its street. This suggests potential for classic architectural charm but also implies that major systems (like plumbing, wiring, or the foundation) may be original or dated and should be thoroughly inspected. Modernization will be a key consideration.
3. How reliable are the sold price ranges shown?
The provided price ranges are estimates based on publicly available data. To obtain the exact historical sale prices for this property, you must request them via email. The service is manual, with a promised reply by the end of the same business day, and your email is not used for marketing spam.
4. What type of renovation should I expect with an unrenovated basement?
An unrenovated basement typically means a raw, utilitarian space. It may have concrete walls and floors, exposed mechanical systems, and be suited for storage or laundry. Finishing it would require significant investment to address insulation, moisture control, and building code requirements for living spaces.
5. The home is smaller than average. How does that affect livability?
The 699 sqft layout will require efficient use of space and likely has fewer or smaller rooms than modern homes. It suits individuals, couples, or those comfortable with minimalist living. The trade-off for the compact interior is the very low carrying cost and the opportunity to customize the space precisely to your needs over time.
