536 Redwood Avenue – Property Overview
Key Characteristics & Buyer Profile
This 1911 home on Redwood Avenue stands out primarily for its size—both inside and out. With 1,872 square feet of living space, it ranks in the top 2% on its street and top 6% in the William Whyte neighbourhood, where the average home is roughly 1,000–1,150 square feet. The land is similarly generous: a 4,478-square-foot lot places it in the top 6% locally and top 18% on the street.
The assessed value of $184,000 is slightly above the street and neighbourhood averages, but well below the citywide median of $390,100. That gap partly reflects the home’s age (1911) and its location in an older, more central neighbourhood where property values are more moderate than newer suburbs. For buyers, this means a relatively affordable entry point to owning a large home on a big lot in an established area.
The appeal here is space per dollar. A buyer who wants a detached house with room to spread out—both indoors and outdoors—without paying citywide prices will find this property compelling. It’s less suited to someone looking for a move-in-ready, low-upkeep home; an older house from 1911 likely needs attention, and the assessed value suggests the market expects that. Ideal candidates include handy owner-occupiers, renovators, or investors willing to put in work for long-term equity gain.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s slightly above the street average ($184K vs. $174K) and about 23% above the neighbourhood average ($149K), reflecting the larger living area and land. Citywide, however, it’s well below the median—only in the top 94%—because Winnipeg’s average is pulled up by newer, higher-value homes in other areas.
2. Why is the living area so much larger than the neighbourhood average?
At 1,872 sqft, this home is roughly 60% larger than the typical William Whyte dwelling (1,158 sqft). That’s unusual for the area and suggests the house was built to a different standard—possibly as a larger family home or with an addition. Buyers should confirm that the square footage is accurate and whether it includes finished basement space.
3. What does the year built (1911) mean for maintenance?
A century-plus-old home often comes with older electrical, plumbing, and foundation systems. While many homes of this era in Winnipeg have been updated, it’s wise to budget for potential upgrades. The age is “below average” citywide (top 93% oldest), meaning it’s older than the vast majority of homes in Winnipeg.
4. Is the land area unusually large for this street?
Yes. The lot size is 4,478 sqft versus the street average of 3,449 sqft, placing it in the top 18% on Redwood Avenue. Citywide it’s about average, but in this dense, older neighbourhood, a larger lot is a definite advantage—offering more yard space, parking, or expansion potential.
5. Who would this property not suit?
Buyers seeking a turnkey home in a low-maintenance, newer suburb may find the age and below-city-average assessed value off-putting. Also, anyone who needs a smaller, more efficient space—or who isn’t prepared for the potential costs of an older home—should look elsewhere. This property’s strength is its size and potential, not its convenience.