626 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 966 sqft single-family home built in 1911, sitting on a 3,384 sqft lot in Winnipeg’s William Whyte neighbourhood. Its assessed value is $135,000.
What stands out: the land-to-building ratio is favourable for the area. At 3,384 sqft, the lot is slightly above average for the street and neighbourhood—meaning more outdoor space than many comparable homes nearby. The house itself is around median size for the street but noticeably below the citywide average of 1,342 sqft. The assessed value is well below the citywide median ($390,100), ranking in the bottom 2% citywide. That’s partly due to its age and size, but also reflects the neighbourhood’s current pricing dynamics.
The appeal lies in relative affordability and lot value. For a buyer who values yard space or potential for future expansion, this property offers more land per dollar than most homes in Winnipeg. The low assessed value also suggests lower property taxes relative to newer or larger homes elsewhere.
This property would suit:
- First-time buyers looking for an entry point into ownership without stretching into high price brackets
- Buyers who want a fixer-upper or are comfortable with an older home’s maintenance realities
- Investors or renovators who see potential in a large lot in a transitioning neighbourhood
- Anyone who prioritises outdoor space over interior square footage
It is less suited for buyers seeking a move-in-ready modern home, or those who need proximity to downtown commuter routes (William Whyte is a more established, inner-city area with a mix of older housing stock).
Five Possible FAQs
1. How does the assessed value compare to similar homes on the street?
The assessed value of $135,000 is below the street average of $174,000. It ranks in the top 63% on Redwood Avenue—so about a third of nearby homes are valued higher. This makes it one of the more affordable options on the street.
2. Is this a small house by Winnipeg standards?
Yes, for Winnipeg overall. The citywide median living area is about 1,342 sqft, and this home ranks in the bottom 23% citywide. However, on Redwood Avenue (where the average is 1,005 sqft) it’s closer to the median.
3. What’s the lot size like compared to other homes in the area?
Above average. The lot is 3,384 sqft, which ranks in the top 36% on the street and top 38% in the neighbourhood. Citywide, it’s in the bottom 18%—but that’s because many newer suburban homes sit on much larger lots (citywide average is 6,570 sqft).
4. Why is the assessed value so low compared to the city average?
Multiple factors: the home is older (1911), smaller than average, and located in a neighbourhood where property values are generally lower than Winnipeg’s median. The low value isn’t necessarily a sign of disrepair—it’s largely a reflection of location and age compared to newer suburbs.
5. Is the neighbourhood considered up-and-coming or stable?
William Whyte is an older, inner-city neighbourhood with a mix of established homes and some turnover. The year-built data shows many homes in the area date from the 1920s–1930s, so the housing stock is mature. Rankings suggest property values here are around the median for the neighbourhood but significantly below citywide averages—consistent with a quieter, less-gentrified area rather than a rapidly appreciating one.