Property Overview: 1106 Day Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-situated one-storey home in the Kildare-Redonda neighbourhood. Built in 1954, its key updated feature is a renovated basement, adding valuable finished space to the 932 sqft main floor. The home sits on a standard city lot of just under 4,500 sqft. It does not have a garage or pool.
Its primary appeal lies in its solid positioning within its immediate context. The data shows this property is consistently "around average" for its street and area in terms of living space, assessed value, and lot size. This suggests a home that fits comfortably within its community without extreme outliers. For a buyer, this translates to a manageable, lower-maintenance property without the surprises or premium costs associated with much larger or more recently built homes. The renovated basement is a practical advantage, offering flexibility for recreation, a home office, or additional storage.
This property would suit a first-time homebuyer seeking an honest, entry-level home in an established neighbourhood, or an investor looking for a straightforward rental property. It’s for someone who values practicality and location over size or modern amenities. A thoughtful perspective is that its "average" metrics within its local area can be a strength, indicating stability and reducing the risk of over-improving for the neighbourhood.
Section 2: Frequently Asked Questions
1. What is the exact sold price history?
The provided data shows estimated sold price ranges. To receive the precise sale prices from May 2021 and October 2019, you must request them via email from the listing service. They provide this information manually at no cost.
2. How does this home compare to others in Winnipeg?
City-wide, this home is below average in living area and assessed value, which is typical for an older, compact one-storey home compared to the broader Winnipeg market. This context is important for understanding its price point.
3. Is the basement a legal suite?
The listing notes a "renovated basement" but does not specify if it is a legal secondary suite. This is a critical point to verify with the seller and the city for potential rental income or mortgage considerations.
4. What are the implications of not having a garage?
Buyers should consider the logistics of street parking, vehicle security in winter, and where to store tools and seasonal items. The lot size may allow for a future shed or parking pad, subject to local bylaws.
5. The assessed value seems low. Does that mean the taxes are low?
Municipal assessed value is used for calculating property taxes. While this assessment is below the citywide average, your actual tax bill is determined by the mill rate applied to this assessment. It’s advisable to research the current mill rate for an accurate estimate.