Property Overview: 781 Redwood Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1915, presents a practical and affordable entry point into Winnipeg’s Inkster-Faraday neighbourhood. With 930 square feet of living space, it sits around the neighbourhood average for size, but its recently renovated basement adds valuable functional space. The lot is compact at 2,284 sqft, which translates to lower maintenance—a notable point for those seeking a simpler yard to manage.

The primary appeal lies in its value positioning. The home’s assessed value ranks above average for its specific street and is solidly mid-range within the wider neighbourhood, suggesting it is priced appropriately for the area. This creates an opportunity for first-time homebuyers or pragmatic investors looking for a straightforward, no-frills property without a premium price tag. It suits a buyer who prioritizes location fundamentals and a renovated basement over square footage or a large yard. A thoughtful perspective is that its compact lot and average living area, while not standout features, contribute directly to its affordability and lower ongoing upkeep costs, which can be a significant long-term advantage.

Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value is above average for Redwood Avenue itself and sits around the middle of the pack for the broader Inkster-Faraday neighbourhood, indicating it is reasonably valued within its immediate context.

2. What should I know about the lot size?
At 2,284 sqft, the lot is smaller than most in the area and city-wide. This means less exterior maintenance, but also limited space for expansions, large gardens, or extensive outdoor amenities.

3. The home was built in 1915. What does that imply?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should budget for potential updates to older components like plumbing, wiring, or windows, and ensure a thorough inspection.

4. How accurate are the sold price ranges shown?
The listed price ranges are estimates based on public data. For the exact historical sale price, you must request it directly via the provided email service, which manually confirms the records.

5. Are there comparable properties to consider?
The listing notes a few nearby homes for reference, such as 688 Redwood Avenue, which is similar in age and size but has a lower assessed value, making it a worthwhile point of comparison during your search.