Property Overview
This 1925 one-and-a-half storey home at 1146 Redwood Avenue presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in the land itself—a 4,397 sqft lot that is notably larger than many in the immediate area and neighbourhood, offering above-average outdoor space and potential. The house, with 839 sqft of living space and an unrenovated basement, is a classic, no-frills property. It suits first-time buyers seeking an entry point into the market, value-focused investors, or owners looking for a home where the land is the key asset and future renovations can be tailored over time. A thoughtful perspective is that while the home is modest, its lot size ranks in the top 22% on its street, providing a relative rarity that isn't immediately apparent from the living space alone. Its last sale in 2021 for $190k, combined with a current assessed value significantly lower than the city average, suggests it may represent a value proposition in a central location.
Key Details & FAQs
- Key Characteristics: Built in 1925. One-and-a-half storeys. 839 sqft of living space. Includes a basement (not renovated). No garage or pool.
- Lot Size: 4,397 sqft, which is larger than many comparable lots in the Burrows Central area.
- Last Sale: Sold in May 2021 for $190,000.
- Assessed Value: $16,100 (for reference, this is below the citywide average for homes).
Frequently Asked Questions
1. What is the main advantage of this property?
The standout feature is the land. The lot is over 4,300 sqft, which is larger than about 78% of lots on its street and 84% in the Burrows Central neighbourhood, offering more outdoor space and potential than is typical for the area.
2. Who is this home best suited for?
It's a practical fit for first-time buyers comfortable with a home that may require updates, or for investors seeking a land-value play in a central location. It's less suited for those seeking a move-in-ready or larger home without renovation plans.
3. How does its assessed value compare to the sale price?
The current assessed value is $16,100, which is a figure used for municipal tax purposes and is not a market valuation. The home last sold for $190,000 in 2021, which is a more relevant indicator of its market value.
4. Is the neighbourhood lot size typical?
No, that's a key point. While the home's living area is around the neighbourhood average, the lot size is well above average for both the street and Burrows Central, meaning you get more land relative to similar area homes.
5. What should I consider about the home's age and condition?
Built in 1925, the home will likely have the character and maintenance considerations of its era. The listing notes the basement is "not renovated," so prospective buyers should budget for potential updates and a thorough inspection to understand the condition of major systems.