Property Overview
This one-and-three-quarter storey home on Redwood Avenue is a piece of Winnipeg’s architectural history, built in 1907. Its appeal lies in the blend of classic character and practical updates, most notably a renovated basement. With a living area of 1,288 sq. ft. and a generous lot of over 3,000 sq. ft., it offers space both inside and out. The home is positioned in the St. John's neighbourhood and boasts a detached garage.
The data suggests a property with solid fundamentals. Its assessed value ranks in the top 10% city-wide, indicating a strong valuation relative to Winnipeg as a whole. While the living space is modest for the street, the lot size is above average, presenting an opportunity for gardening, expansion, or simply more private outdoor space than many urban lots provide. The home would suit a buyer who appreciates the charm and solidity of an early-20th-century build and is looking for a property with a proven value foundation in the city. It’s ideal for someone who doesn’t require a brand-new home but values a key modernized feature like a finished basement, and who might see potential in the land itself.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings in the center of the house, with sloped ceilings or dormer windows in the bedrooms, creating a cozy, character-filled upper level.
2. The assessed value seems low compared to today's market. Why is that?
Municipal assessed value is for tax purposes and is often calculated well below current market value. This home's assessment ranks in the top 10% for Winnipeg, which signals the city views it as a higher-value property relative to most others, even if the dollar figure seems modest.
3. How significant is the renovated basement?
A renovated basement in a century home is a major practical advantage. It immediately adds usable living space without the need for a complex project, which can be valuable for a home office, recreation room, or extra storage.
4. The year built is 1907. Should I be concerned about maintenance?
Any home of this age will require a mindful approach to upkeep. The positive perspective is that it has stood for over 115 years, suggesting solid original construction. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation.
5. The lot is larger than average. What does that mean for me?
A larger lot (3,014 sq. ft.) in an established neighbourhood is a valuable asset. It provides more privacy, bigger yard potential, and future flexibility that smaller, modern lots do not. This is a key feature that adds long-term value beyond the square footage of the house itself.