Property Overview: 637 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a practical and affordable entry point into Winnipeg’s Inkster-Faraday neighbourhood. With 1,084 square feet of living space, it sits around the average size for the local area, offering a manageable footprint. A key updated feature is its renovated basement, which adds functional living or storage space. The lot is modest at 2,283 square feet, implying lower maintenance and a more community-oriented streetscape compared to larger suburban plots.
The primary appeal lies in its value and simplicity. Its assessed value is significantly below both neighbourhood and city averages, indicating a potentially lower property tax burden and an accessible price point. This isn’t a luxury property, but a straightforward home. It would suit first-time buyers seeking a no-frills starter home, practical investors looking for a rental property with a renovated basement suite potential, or downsizers who prioritize affordability and a modest yard. A thoughtful perspective is that a home of this age and value offers the freedom to personalize over time without the pressure of high upfront costs or the need to preserve high-end finishes.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is notably lower than area averages. This typically translates to lower municipal property taxes, which is a significant ongoing cost saving. It also strongly suggests the home is priced well below the median for Winnipeg.
2. Is the small lot size a disadvantage?
It depends on your priorities. While it limits expansive gardening or private outdoor space, it means less time and money spent on yard maintenance. It also often fosters a closer, more neighbourhood-oriented feel on the street.
3. The home was built in 1910. What should I consider?
While the basement has been renovated, the core structure is over a century old. A thorough inspection is essential to understand the condition of foundational elements, the roof, wiring, and plumbing. Budgeting for ongoing maintenance and updates is a prudent expectation.
4. How does the living space compare to a modern home?
At just over 1,000 sq ft, the living area is compact by today’s standards. The one-and-a-half storey layout may feature smaller, cozier rooms. This promotes a simpler, less cluttered lifestyle but requires efficient use of space.
5. The "sold price history" shows a range. How can I get the exact figure?
The listing service provides an estimated sold price range from public data. To obtain the precise sale price from its last transaction, you must request it directly from them via email, as they manually verify and disclose that information.