Here is a clean, standalone summary of the property.

Key Characteristics & Ideal Buyer Profile

This is a 1913 home on Redwood Avenue in the William Whyte neighbourhood, offering 1,082 sq. ft. of living space on a 3,370 sq. ft. lot. The assessed value is $129,000.

The property’s main appeal is its position as a genuinely average home in a city where averages are increasingly out of reach. While its lot and living area sit right in line with the street and neighbourhood norms, the key differentiator is the assessed value. At $129k, it ranks in the bottom 2% citywide (98th percentile for low value), making it one of the more affordable options in Winnipeg as a whole. The home is older than the city average (1913 vs. 1966) and requires a buyer who sees past cosmetic age to the underlying value.

This property suits a first-time buyer priced out of more central or upgraded neighborhoods, or an investor looking for an entry-level rental with solid fundamentals in a working-class area. It is not a turnkey or prestige property. Its appeal lies in affordability and averageness—it is not exceptional on the block, but it is practical and realistically priced for the current market.

Five Possible FAQs

1. Is this a fixer-upper, or is it livable as-is?
The ranking data focuses on size and value, not condition. A home built in 1913 with a citywide low assessed value suggests it is not a recently renovated showpiece. Expect systems (electrical, plumbing, roof) to be of a certain age. You should budget for updates, but it is likely habitable unless noted otherwise in a full inspection.

2. Why is the assessed value so low compared to the city average?
The assessment reflects the home’s age, condition, and location relative to the rest of Winnipeg. The William Whyte neighbourhood itself has a modest average assessment ($149.1k). This property sits below even that, likely due to a combination of deferred maintenance, smaller lot size compared to newer suburban homes, and lower local market demand.

3. How does the lot size compare to newer homes?
The lot is 3,370 sq. ft., which is typical for this street and neighbourhood but smaller than the citywide average of 6,570 sq. ft. In central neighbourhoods like William Whyte, smaller lots are standard. If you are comparing this to a new suburb, expect a smaller yard but lower maintenance.

4. What is the competition like in this price range?
On this street, the property is roughly average for living area but below average in assessed value. This means it is likely one of the more affordable options on Redwood Avenue. Citywide, it falls at the very bottom of the value scale, so it competes directly with other aging, small-lot homes in inner-city neighborhoods. The pool of buyers here is price-sensitive.

5. Should I be concerned about the 1913 construction date?
Not necessarily, but it is a factor. Many homes of this vintage in Winnipeg have solid foundations and good bones (old-growth lumber). The main considerations are likely the condition of the foundation, knob-and-tube or aluminum wiring, and the presence of lead paint or asbestos in older finishes. A specialized older-home inspection is strongly recommended.