616 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1913 single-family home in Winnipeg’s William Whyte neighbourhood, with 856 square feet of living space on a 3,387-square-foot lot. Its assessed value is $105,000.
The home’s main appeal is its affordability. The assessed value ranks in the bottom 1% citywide, putting it among the least expensive properties in Winnipeg. The land area is also relatively generous for the price – slightly above the neighbourhood average and well above what you’d expect at this price point citywide. The lot is the strongest feature relative to peers.
What’s less obvious: the year built (1913) is actually close to the street and neighbourhood averages, meaning you aren’t buying an outlier in terms of age for this block. The home fits the existing character of the area. However, the living area is notably small – below both street and neighbourhood averages – so it would suit someone who prioritizes a lower purchase price over square footage.
This property best suits first-time buyers on a tight budget, investors looking for a low-entry rental in an older inner-city area, or buyers willing to take on a renovation project. It is less suitable for anyone needing ample interior space or seeking a home in a higher-appreciation area.
Five Possible FAQs
1. Is $105,000 a realistic price, or does that suggest major problems?
Assessed value is not the same as market price, but the ranking is telling. At the very bottom citywide, this is genuinely one of the more affordable homes in Winnipeg. Older homes in William Whyte often sell below city averages, so the low assessment likely reflects the area’s market rather than a specific defect. Still, a home inspection is essential for a 1913 property.
2. How does the lot size compare to similar homes in this price range?
The 3,387-square-foot lot is actually above average for the neighbourhood (3,277 sqft) and well above typical lots for homes at this price point citywide. This is a standout feature – you are getting more outdoor space than most comparable low-cost properties.
3. Is the neighbourhood’s “below average” ranking a red flag?
William Whyte is an older, lower-income inner-city area. The rankings for living area, assessed value, and year built all reflect that. It is not a neighbourhood seeing rapid price growth. For a buyer focused purely on low cost and willing to live in an area with less amenities and older housing stock, this is not necessarily a problem – it’s the reason the price is low.
4. Could the living area be expanded, or is 856 sqft the maximum?
The lot is large enough that an addition might be feasible, but you would need to check zoning, setback requirements, and the condition of the existing foundation. A 1913 home may also have non-standard construction, so any expansion would require careful structural investigation.
5. How does this property compare to other homes on the same street?
On Redwood Avenue specifically, this home is close to average in age and land size, but below average in living area and well below average in assessed value. It is one of the lower-priced homes on the block, which could mean it needs more work than neighbours, or simply that it hasn’t been updated recently.