Property score
56.6
Fair
Overall 56.6 · Larger but older than most nearby homes
1,230 sqft (top 23%) · Built in 1911 (19 yrs older than avg)
Located in a above-average income area with median household income of ~74k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 3 schools, 2 healthcare facilitys, and 2 shops nearby
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Below average
19 yrs older than neighborhood avg.
Mother tongue
English · 56%Tagalog · 28%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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56.6 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: #46110921
$74K
Median household income
$84K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
28%
Single-person households
34%
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
763 Redwood Avenue — 14 amenities found within 500 m, across 8 categories, including 2 dining (nearest 305 m), 3 education (nearest 175 m), 2 healthcare (nearest 147 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 31% | Bottom 11% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 763 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1911, presents a practical opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in its efficient use of space, offering 1,230 sqft of living area—which is notably above average for both its immediate street and local area—on a modest 2,284 sqft lot. The home features a detached garage and an unrenovated basement, presenting a classic, no-frills canvas.
The property’s standout characteristic is its value positioning. With an assessed value significantly below city averages, it represents an accessible entry point into the market. This isn’t a luxury offering, but a grounded, functional property. It would suit a first-time buyer comfortable with a home that has character and may require updates, or an investor looking for a straightforward rental property with a lower initial outlay. A thoughtful perspective is that its smaller lot and efficient floor plan could mean lower maintenance costs and utility expenses, appealing to those seeking simplicity and lower ongoing overhead.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
A lower assessed value typically correlates with lower municipal property taxes, which is a key ongoing cost savings for the owner.
2. The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or functional condition, likely lacking modern finishes. It provides usable space for storage or utilities, but any finished living area would be a future project for the buyer.
3. How does the living area compare to nearby homes?
At 1,230 sqft, the living space is larger than many comparable homes on Redwood Avenue and in the wider Inkster-Faraday area, where averages are around 1,005-1,025 sqft.
4. The home was built in 1911. Are there common concerns with houses of this age?
Prospective buyers should plan for a thorough inspection. While these homes are often solidly built, attention should be paid to the condition of foundational elements, plumbing, electrical systems (which may have been updated over time), and insulation.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price from previous transactions is available upon request from the listing service. You can provide your email to receive the precise figure, as they manually provide this data to ensure accuracy.
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