Property Overview: 741 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Redwood Avenue is a practical entry-point into Winnipeg’s Inkster-Faraday neighbourhood. Built in 1928, its key characteristic is affordability, with an assessed value significantly below the citywide average. The living space (809 sq ft) is compact and efficient, situated on a modest, manageable lot. The home features a detached garage and a basement that is present but not renovated, indicating potential for future customization.
Its appeal lies in its position as a straightforward, lower-cost option in the city. It suits first-time buyers or investors seeking a foothold in the market with minimal upfront investment. The property may also appeal to those who value a simpler, more manageable footprint without the upkeep of a larger home or yard. A less obvious perspective is that its below-average size and value for the area could represent a relative bargain for a handy person, allowing equity to be built through gradual, thoughtful improvements rather than through premium location alone.
Section 2: Frequently Asked Questions
1. What is the actual recent sale price?
The available public data indicates a sale occurred in April 2019 for an estimated range. For the precise sale price, you can request the exact history via email from the listing source.
2. How does this home compare to others on the street and in the area?
The home’s living area and lot size are below the average for Redwood Avenue and the wider Inkster-Faraday neighbourhood. However, its assessed value is closer to the street average, suggesting it is priced in line with its immediate locale despite its smaller footprint.
3. Is the basement finished?
No, the basement is noted as “not renovated.” Buyers should budget for any desired finishing or improvements.
4. What type of maintenance should be expected for a home of this age?
Built in 1928, the home is nearly a century old. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, roofing, plumbing, and electrical systems, which may require updates or repairs.
5. How does the detached garage factor into the property's value?
The detached garage provides valuable storage or workshop space, a practical asset especially given the home’s smaller living area. Its condition and utility should be considered during a viewing.