630 Redwood Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,057 sqft home built in 2019, sitting on a 3,382 sqft lot in the William Whyte neighbourhood of Winnipeg. What stands out most is the year built: it’s one of the newest homes on the street (top 3%) and in the neighbourhood (top 1%), where the average home dates back to the late 1920s. The assessed value of $266,000 is well above both the street and neighbourhood averages (top 13% and 4%, respectively), though it falls below the citywide median of $390,100.

The appeal here is clear: you’re getting a modern build in an older, more established area. That means newer construction standards, fewer immediate maintenance concerns, and a structure that likely costs less to insure and heat compared to century-old homes nearby. The living area is around the middle of the pack for the street and neighbourhood, but it’s compact relative to citywide averages—this isn’t a house that trades on square footage. The lot size is also modest by city standards (bottom 82% citywide), which may matter if you’re used to larger yards.

This property would suit buyers who prioritize a newer, low-maintenance home over space or land. First-time buyers, those downsizing from a larger property, or anyone looking to avoid the renovation headaches common with older Winnipeg homes would find it practical. It’s also a candidate for someone who wants to live in a more affordable, central neighbourhood without buying a fixer-upper. The assessed value suggests strong local demand relative to other homes in William Whyte, which could offer some resale stability, though the citywide ranking tempers expectations.

Frequently Asked Questions

1. How does the assessed value compare to selling price?
The city assessed this property at $266,000, which is significantly higher than the neighbourhood average of $149,100. Keep in mind that assessed value is not the same as market value—it’s a baseline used for property tax calculations. In practice, sale prices can vary, but this assessment suggests the home is considered above-average within its immediate area.

2. Is the small lot a drawback?
It depends on your needs. At 3,382 sqft, the lot is typical for the street and neighbourhood but well below the Winnipeg-wide average of 6,570 sqft. If you want a big garden, space for a garage addition, or room for kids to play, this may feel tight. If you prefer low-maintenance outdoor space and don’t mind a compact yard, it’s likely fine.

3. Why is the home’s assessed value high for the neighbourhood but low for the city?
The William Whyte area has older, often lower-valued housing stock, so a newer home automatically stands out locally. Citywide, Winnipeg includes many larger, higher-value properties in more affluent areas, which pulls the average up. The $266,000 assessment is a reflection of the home’s relative rarity in its immediate context.

4. What does “Elite” ranking mean for the year built?
The ranking system groups this home in the top 4% citywide and top 1% neighbourhood-wide for newness. Essentially, very few homes in Winnipeg, and almost none in William Whyte, were built in 2019. It’s a strong differentiator, especially if you value energy efficiency, modern layouts, and lower upfront repair costs.

5. How does the living area of 1,057 sqft work for daily living?
It’s around the average for the street and neighbourhood, but below the citywide average of 1,342 sqft. It’s a comfortable size for a couple or small family, though you won’t have oversized rooms or a sprawling layout. The efficiency of a newer floor plan often makes up for the modest square footage compared to older homes of the same size.