Property Overview: 878 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 878 Redwood Avenue in Burrows Central stands out primarily for its modern age and solid footprint. Built in 2019, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, where average build years date back to the 1930s. This translates to appealing modern building standards and likely lower immediate maintenance needs.
The home offers 1,207 sqft of living space, which is generous for the area, situated on a standard 3,308 sqft lot. A key feature is its renovated basement, adding functional space. Its appeal lies in this combination of newer construction, practical size, and updates, all within an established community. The recent sale price significantly exceeded the typical assessed values for nearby properties, reflecting a premium paid for its modern condition.
This property would best suit a buyer looking for a move-in-ready, contemporary home without leaving an established neighbourhood. It’s ideal for those who want to avoid the surprises and renovation projects common with older area homes, and who value the efficiency and design of newer builds. It’s a practical choice for small families or first-time buyers seeking a modern footprint in a no-frills, grounded setting.
Section 2: Frequently Asked Questions
1. Why is the assessed value so different from the recent sale price?
The assessed value is an administrative valuation for tax purposes, often lagging behind market trends and not fully capturing the premium for a home’s modern condition or recent renovations. The sale price reflects what a buyer recently paid for its specific, move-in-ready state as a 2019 build in an area of much older homes.
2. What does "bi-level" mean for this home?
A bi-level typically features a short staircase leading to the main living areas (kitchen, living room, bedrooms) and another leading down to a lower level, which here is a renovated basement. This style often creates distinct living zones and can make the basement feel more integrated and less like an afterthought.
3. How does the lot size compare?
At 3,308 sqft, the lot is around the average for Burrows Central. It provides standard outdoor space for the neighbourhood but is below the much larger citywide average. The focus here is on the home itself rather than extensive grounds.
4. Are there any obvious drawbacks?
The listing shows no garage, which is common in the area but a consideration for vehicle storage. Additionally, while the home is new, its value is heavily tied to its modern condition within a neighbourhood where most properties are valued significantly lower, which is a factor to weigh in long-term resale.
5. What is the neighbourhood like?
Burrows Central is an established, no-frills residential area with homes primarily from the early 20th century. This property offers a modern living experience within that context, close to basic amenities and with good connectivity, but it won’t have the same character or mature streetscape as the historic homes surrounding it.