Property Overview
This 800 sqft condominium at 110-670 Wayoata Street presents a specific, value-oriented opportunity in Winnipeg's Kildare-Redonda neighbourhood. Built in 2011, it is a notably modern unit within its immediate context. The appeal lies in its low carrying costs, evidenced by a modest assessed value, combined with the benefits of a relatively new build that likely requires less immediate maintenance than older stock. It suits first-time buyers seeking an affordable entry into the market, investors looking for a low-cost rental property, or downsizers prioritizing financial simplicity over space.
The unit's characteristics present a clear trade-off: while its living space is generous for its building and area (ranking in the top 4% on its street), it is compact compared to the Winnipeg city-wide average for homes. This positions it as a efficient, manageable space rather than a sprawling one. Buyers should be comfortable with condo living, as the proximity to neighbouring units (evident from the list of nearby addresses in the same complex) is a defining feature.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question for budgeting. The listing data does not include this information. You will need to request the condo corporation's financial statements and bylaws to understand the fees, reserve fund status, and what utilities or amenities (like building insurance, common area maintenance, or snow removal) are included.
2. Why is the assessed value relatively low compared to city-wide averages?
The assessed value is typical for similar properties on its street and in Kildare-Redonda. The lower value city-wide is likely due to a combination of the unit's condo type, its efficient size, and its specific location. It reflects a lower property tax burden, which is a key part of its affordability.
3. How does the 2011 build date benefit me?
A build date of 2011 means major building components like roofing, windows, and mechanical systems are likely only about 15 years old, potentially reducing the risk and cost of near-term major repairs compared to much older buildings. It may also indicate more modern construction standards and energy efficiency.
4. The last recorded sale was in 2020. What does that price range indicate?
The data shows a sale between $14.5k and $17.5k in July 2020. This historical price, significantly below the assessed value of many single-family homes, underscores the unit's long-standing position as an affordable option. It provides a benchmark, but current market conditions will determine today's value.
5. What is not revealed by this statistical data?
The numbers don't describe the layout, natural light, interior condition, or updates made since 2011. They also don't capture the lived experience: sound transmission between units, parking situation, guest policies, or the community atmosphere of the complex. A viewing and review of the condo documents are essential to understand these factors.