746 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 600 sqft home built in 1914, sitting on a 3,347 sqft lot in the William Whyte neighbourhood of Winnipeg. Its assessed value is $139,000.
What stands out here is the trade-off between the property’s small size and its relative affordability. The living area ranks in the bottom 1% city-wide—most homes in Winnipeg are more than double this size. But the assessed value reflects that: at $139,000, it’s well below the city average of $390,100. Within the neighbourhood, values cluster around $149,100, so this home is priced in a similar range to its immediate neighbours.
The property’s appeal is not about space or modern finishes. It lies in the land-to-value ratio. The lot is 3,347 sqft—average for the street and neighbourhood—which means the structure itself represents a small portion of the overall value. For someone willing to renovate or rebuild, the land may offer more potential than the house.
This property suits a few specific buyer types: first-time buyers priced out of larger homes elsewhere, investors looking for a low-cost entry into the neighbourhood, or someone planning a substantial renovation who wants to avoid paying a premium for a finished interior they plan to change anyway. It’s less suited for anyone needing move-in ready space or expecting typical citywide averages for square footage.
Frequently Asked Questions
1. How does this property compare to others on the same street?
On Redwood Avenue, the average living area is 1,005 sqft, and the average assessed value is $174,000. This home is smaller than most on the street (ranked 483 out of 518) but close to average in value. Its land area is also near the street average of 3,449 sqft.
2. Is the neighbourhood, William Whyte, typical for Winnipeg?
William Whyte has smaller homes on average than the city as a whole—median living area is 1,158 sqft. Assessed values in the neighbourhood average $149,100, about 38% of the citywide average. The area’s housing stock is older too: the typical home was built in 1927, compared to 1966 city-wide.
3. What does “Below Average – Top 99%” mean for living area?
This ranking means that among 194,458 comparable homes city-wide, only about 1% are smaller. In practical terms, you’re buying one of the smallest livable houses in Winnipeg. The 600 sqft figure includes only finished living space—not the basement, porch, or garage.
4. Could this property be a good investment even though it’s small?
Possibly. The land is nearly 3,350 sqft, and land values in older Winnipeg neighbourhoods have appreciated steadily. The assessment suggests the structure contributes relatively little to the total value. If the house is structurally sound, a modest renovation could increase living space and resale value. If not, the lot itself may hold more long-term value than comparable properties in pricier areas.
5. How old is this home, and does that matter for maintenance?
Built in 1914, the house is 111 years old as of 2025. That’s slightly older than the street average (1934) and significantly older than most homes in Winnipeg (1966). Older homes in this neighbourhood often have plaster walls, knob-and-tube wiring, or outdated plumbing. A home inspection should pay special attention to the foundation, roof, and electrical system. The age also means smaller room sizes and lower ceilings than modern builds.