Property Overview
This two-storey home at 1064 Redwood Avenue in Winnipeg's Burrows Central neighbourhood presents a compelling mix of modern convenience and established community. Built in 2016, it stands out as a notably newer construction in an area of mostly older homes. The property features a renovated basement, a detached garage, and sits on a standard city lot. Its key appeal lies in its contemporary build, which offers move-in readiness and modern systems, paired with the mature setting of a long-established area. The home’s assessed value ranks highly within its immediate locale, suggesting it is a premium property for the street and neighbourhood.
This home would suit first-time buyers or small families looking for a low-maintenance, modern house without the premium of a brand-new subdivision. It’s also a practical choice for value-conscious buyers who want newer construction but are comfortable in a neighbourhood where home ages and values are widely varied. A thoughtful perspective is that this property offers a "best of both worlds" scenario: the modern efficiencies and layout of a new build within the character and often more affordable lot sizes of an inner-city community.
Frequently Asked Questions
1. How does this home compare to others in the area?
It is a standout for its age. Built in 2016, it is newer than approximately 97% of homes in Burrows Central, where the average home was built in 1934. Its living space is also above average for the neighbourhood.
2. What is the significance of the assessed value?
The assessed value of $32,400 is in the top tier (top 3-4%) for both Redwood Avenue and the broader Burrows Central area. This indicates the city assesses it as a higher-value property compared to its immediate peers, though it is around the average mark citywide.
3. Has the property been sold before?
Yes, it sold twice in 2016. An initial sale in July was followed by another sale in December of the same year at a significantly higher price, which may correspond to the completion of the build or a quick renovation.
4. What are the lot size and living space like?
The land is a standard 3,259 sqft lot, typical for the street. The 1,198 sqft of living area is comfortably above the neighbourhood average, providing more interior space than many older homes nearby.
5. What might be a less obvious consideration for this property?
Given its modern build among much older homes, potential buyers should consider the long-term context. While the home itself is low-maintenance now, its future value may be influenced more by neighbourhood trends and the condition of surrounding properties than by its own relative newness. It represents a modern insertion into an established market.