432 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,760-square-foot home built in 1911, sitting on a 2,980-square-foot lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is living space: the house is among the largest on its street (top 3%) and well above average for the area and the city. The assessed value of $176,000 is roughly in line with other homes on Redwood Avenue, above the neighbourhood average, but well below the citywide median—reflecting both the modest lot size and the age of the property. The land itself is on the smaller side compared to nearby homes and significantly smaller than typical Winnipeg lots.
The appeal here is space per dollar. Buyers get a substantial interior footprint without paying a premium for a large yard or a newer build. That makes it a practical fit for someone who prioritises square footage over outdoor space or modern construction—first-time buyers looking for room to grow, renovators interested in an older home with good bones, or investors seeking a rental with generous floor plan. It’s less suited for anyone wanting a big lot, a move-in-ready newer house, or a property that tracks closely with citywide valuation trends.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s around average for the street but above average for the William Whyte neighbourhood. Citywide, it falls in the bottom 5%—partly because the lot is small and the house is old, not because the structure is in poor condition.
2. Is the house considered old for this area?
Yes, but not unusually so. Built in 1911, it’s slightly older than the street average (1934) and the neighbourhood average (1927). Citywide, it’s in the oldest 7% of homes, so buyers should plan for maintenance typical of early-20th-century construction.
3. Why is the living area so much larger than other homes on the street?
Most houses on Redwood Avenue are closer to 1,000 square feet. At 1,760 square feet, this property is an outlier—good for someone who needs extra rooms but doesn’t want to move to a pricier area.
4. Is the small lot a drawback?
It depends. The lot is below average for the street and neighbourhood, and well below the city median. That keeps the price lower, but it limits options for adding a garage, a large garden, or an extension.
5. Who typically buys a home like this?
It tends to attract buyers who care more about interior space than yard size or prestige. First-time buyers, small families, and investors looking for a larger-than-average rental unit in an older, established neighbourhood are the most common profiles.