Property Overview: 1066 Redwood Avenue, Winnipeg
Key Characteristics & Appeal
This bi-level home at 1066 Redwood Avenue in Burrows Central presents a compelling mix of modern build and established neighbourhood character. Its primary appeal lies in its exceptional newness for the area, built in 2017, which places it in the top 5% of homes on its street and in the neighbourhood. This suggests major systems like roofing, plumbing, and heating are relatively young, offering peace of mind and potential savings on immediate repairs.
The home features a detached garage and a full, unrenovated basement, providing ample storage or future expansion potential. With 1,102 sqft of living space, it offers above-average roominess for the Burrows Central area. The lot size is typical for the street but smaller than the Winnipeg city average, resulting in manageable outdoor maintenance.
This property would suit first-time buyers or practical-minded investors seeking a modern, low-maintenance structure in an established community without paying a premium for a centrally located new build. Its above-average assessed value for the immediate area indicates it is a standout property on the block, appealing to those who value a newer home but may prioritize lot utility over sheer land size.
Frequently Asked Questions
1. What does the "unrenovated basement" mean?
It indicates the basement is in its original, functional state as built in 2017. It’s a blank canvas—finished but not upgraded—allowing the next owner to customize it to their needs without first dealing with outdated or worn finishes.
2. How does the assessed value compare to the last sale price?
The current assessed value is $30.30k. The home last sold in August 2017 for $31.70k, indicating very stable value in the context of its immediate area over several years.
3. Is the lot size a disadvantage?
While the 3,258 sqft lot is below the Winnipeg city average, it is standard for Redwood Avenue and Burrows Central. This can be an advantage for buyers seeking less yard work, and the home's living space is actually larger than many neighbourhood comparables.
4. What does its "Elite" ranking for year built really signify?
In a neighbourhood where the average comparison home was built around 1934, a 2017 build is a significant outlier. This rarity is a key feature, meaning you are unlikely to find a similarly aged home nearby, which can be a unique selling point.
5. Who might this home not suit?
Buyers looking for a large, sprawling yard or those who prefer character homes with original architectural details from an older era may find this property too modern and its lot too standard for the area. It’s a home that appeals more for its condition and age than for historic charm or extensive outdoor space.