Property Overview: 1000 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic one-and-a-half storey property in Burrows Central, built in 1922. Its primary appeal lies in its generous 5,212 sqft lot, which is significantly larger than most in the immediate area and neighbourhood, placing it in the top 6-9% for land size locally. This presents a substantial opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical.
The house itself, with 760 sqft of living space, is compact and would be considered a smaller footprint home. It features a detached garage and an unrenovated basement. The assessed value is notably modest compared to the Winnipeg city-wide average, suggesting a potentially accessible entry point into the market.
This property would best suit a pragmatic buyer who values land over a large existing structure. It’s a candidate for a long-term hold where the land is the primary asset, or for a hands-on purchaser comfortable with a home that may require updates over time. It’s less suited for those seeking immediate move-in condition or extensive finished space.
Section 2: Frequently Asked Questions
1. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is well above average for the street and neighbourhood, which could provide flexibility for additions, a larger garage, or landscaping projects, subject to local zoning and permits.
2. What does “unrenovated basement” typically imply?
This usually indicates the basement is in original or functional condition, but not modernized. Buyers should budget for any desired improvements and consider essentials like moisture control, insulation, and electrical updates.
3. How does the age of the home (1922) affect it?
While the building’s age is average for the area, it comes with the character and potential maintenance considerations of a century-old home. Prospective buyers should prioritize a thorough inspection focusing on the foundation, roof, plumbing, and electrical systems.
4. The assessed value seems low. Does that mean it’s a bargain?
The assessed value is for municipal tax purposes and is not a market price. Its lower assessment relative to the city reflects the home’s smaller size and the neighbourhood’s market. The sale price will be determined by current market conditions.
5. Who are the most likely neighbours or buyers for this street?
Given the consistent older housing stock and stable assessed values on Redwood Avenue, the neighbourhood likely consists of long-term residents and value-seeking homeowners. Similar buyers would be those looking for an established community with larger lot potential.