360 Redwood Avenue

360 Redwood Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1917-built home at 360 Redwood Avenue offers 1,570 square feet of living space on a 3,531-square-foot lot in Winnipeg’s William Whyte neighbourhood. Where it stands out is size—both indoors and outdoors. The living area places it in the top 6% on its street and top 14% in the neighbourhood, meaning it’s noticeably larger than most nearby homes. The lot is also above average locally, though citywide it’s on the smaller side. The assessed value of $151,000 sits around the middle for the street and neighbourhood but is well below the citywide median of $390,100, which reflects both the area’s older housing stock and its more modest price point.

The appeal here is straightforward: you get a relatively spacious house and yard without paying a premium for a trendy or high-appreciation pocket of the city. It’s a solid fit for buyers who prioritize interior square footage and outdoor space over a central or up-and-coming location. First-time buyers, small families, or anyone looking for a fixer-upper with good bones could find this worth a look. The 1917 build means you’re dealing with an older structure—character, yes, but also possible maintenance quirks. This isn’t a turnkey property for someone who wants everything new; it’s more for those comfortable with an older home’s realities and willing to invest sweat equity or gradual updates.

Frequently Asked Questions

1. How does the living space compare to other homes in the area?
It’s well above average—1,570 sqft puts it in the top 14% of the neighbourhood and top 6% on its street. Most nearby homes are closer to 1,000–1,150 sqft, so you’re getting a noticeably larger floor plan.

2. Why is the assessed value so low compared to citywide numbers?
The citywide median ($390,100) is skewed by much higher-value areas in Winnipeg. In William Whyte, the neighbourhood median is $149,100, so this home sits right around the local average. The low citywide ranking reflects the area’s affordability, not any specific flaw with the property.

3. What should I know about a house built in 1917?
Older homes often have solid construction and unique detailing, but expect potential issues with outdated electrical, plumbing, insulation, and foundation settling. It’s wise to budget for inspections and possible upgrades. Not a dealbreaker, but not a low-maintenance buy either.

4. Is the lot size good for a garden or expansion?
At 3,531 sqft, the lot is above average for the street and neighbourhood. You’ve got more outdoor space than most neighbours, though it’s still on the compact side by citywide standards (where 6,570 sqft is average). A vegetable garden, small shed, or patio is doable; major additions would likely require variance approvals.

5. How does this property rank as an investment?
The value is stable relative to the neighbourhood, but appreciation has historically been slower in this part of the city. If you’re buying for long-term use and can add value through renovations, it could pay off. It’s less suited for someone flipping quickly or expecting strong short-term gains.