Property Overview: 1075 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built home in Burrows Central stands out for its modern construction in a neighborhood predominantly composed of older homes. Its 932 sqft living space is typical for the immediate area but is considered below average for Winnipeg overall. The property’s primary distinction is its significantly higher assessed value ($304k) compared to local averages, ranking it in the top 4% of Burrows Central. This suggests it is viewed as a premium property within its specific context, likely due to its new build status, efficient layout, and above-average lot size for the street.
The appeal lies in acquiring a relatively new, low-maintenance home without the premium price of newer city-wide subdivisions. It suits practical buyers looking for modern systems and finishes in an established neighborhood, and represents a solid value proposition within its local market. A thoughtful perspective is that this home may offer a unique blend of contemporary living in a mature community, potentially appealing to those who value newer infrastructure but not necessarily a sprawling lot or square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value reflects the property’s modern construction (2018), which is a significant outlier in a neighborhood where the average home was built in 1934. Newer builds typically have higher valuations due to modern materials, building codes, and systems.
2. How does the living area compare to a typical Winnipeg home?
At 932 sqft, the living area is below the Winnipeg city-wide average of 1,342 sqft for comparable homes. However, it is very close to the average for both its street (1,005 sqft) and the Burrows Central neighborhood (962 sqft).
3. Is transaction history available for this property?
The public data presented does not show a transaction history. The site offers a manual lookup service to provide the most accurate sale history and exact figures via email upon request.
4. What does the "Elite" ranking for year built mean?
An "Elite" ranking indicates the property is among the newest in its comparison group. This home is in the top 4% on its street, top 2% in its neighborhood, and top 4% city-wide for its year of construction, highlighting its rarity as a recent build.
5. How reliable is the sold price data provided for nearby properties?
The site states that sold price data is based on publicly available information, has had limited verification, and is considered reasonably reliable but not guaranteed. It is not sourced from the MLS. For fully verified figures, a manual lookup through the site is recommended.