Property score
38.5
Below average
Overall 38.5 · Older than most nearby homes
892 sqft (bottom 39%) · 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
13% 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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38.5 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
649 Redwood Avenue — 18 amenities found within 500 m, across 7 categories, including 3 education (nearest 258 m), 2 healthcare (nearest 435 m), 3 shopping (nearest 225 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 1% | Bottom 1% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 5% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 649 Redwood Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, offering 892 square feet of living space on a modest 2,283 sqft lot in the Inkster-Faraday neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. With a very low assessed value that places it in the bottom tier city-wide, it represents one of the most affordable homeownership opportunities available. The home has a basement, though it is noted as not being renovated, and there is no garage or pool.
The property suits specific buyer profiles: first-time buyers or investors seeking a minimal initial financial outlay, and those comfortable with a home that likely requires updates and modernization. Its size and layout may also appeal to downsizers or individuals seeking a simple, low-maintenance footprint. A less obvious perspective is that its age and established location could offer a sense of character and community often found in older neighbourhoods, despite the need for investment. It’s important to note that while its living area is around average for its immediate area, it is significantly smaller and sits on a much smaller lot than the typical Winnipeg home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—including its smaller size, older age, and unrenovated condition—relative to the broader market. It reflects the home's current state and market position rather than an arbitrary figure.
2. What does "basement, not renovated" typically imply?
This usually indicates a functional but unfinished or dated basement space. Buyers should anticipate it needing work to modernize or finish, and a thorough inspection is recommended to check for foundational, moisture, or structural issues common in century-old homes.
3. Who would this property not be suitable for?
It would likely not suit buyers looking for a move-in-ready home, those needing multiple bedrooms or ample living space, or anyone requiring dedicated parking like a garage, as none is present.
4. The sold price history shows a wide range. What does this indicate?
The significant variation in past sold prices (e.g., $4.5k-$7.5k in 2024 vs. $8.5k-$11.5k in 2019) can reflect changing market conditions, the property's specific condition at the time of sale, or the terms of the sale (e.g., as-is, quick closing). It underscores the importance of understanding the context behind each transaction.
5. How does the lot size impact potential for expansion or outdoor space?
At just under 2,300 sqft, the lot is considerably smaller than average. This may limit possibilities for major additions, detached structures, or extensive landscaping, making efficient use of the existing footprint and the basement more critical for adding space.
