Property Overview: 1406 Day Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, renovated bi-level home on a modest lot in the Kildare-Redonda neighborhood. Built in 1970, it is notably newer than many surrounding homes. With 688 sqft of living space and a renovated basement, it offers efficient, low-maintenance living. The property’s primary appeal lies in its affordability and recent updates, reflected in its assessed value of $24.5k, which sits below averages for the street, area, and city. There is no garage or pool.
This home would best suit first-time buyers, investors, or downsizers seeking an entry point into the market with minimal overhead. Its below-average costs for taxes and utilities are a significant practical draw. A thoughtful perspective is that its smaller scale and newer build date (compared to neighbors) could mean fewer immediate major repairs than older, larger homes in the area, aligning with a minimalist or financially streamlined lifestyle.
Section 2: Frequently Asked Questions
1. What does the "below average" ranking for Living Area actually mean?
It means this home's square footage is smaller than most comparable properties. Specifically, it ranks in the bottom 11% on its street and bottom 3% in the wider Kildare-Redonda area, indicating a notably compact layout.
2. Why is the Assessed Value so much lower than the city-wide average?
The assessed value is based on the property's characteristics and local market values. This home's modest size, smaller lot, and neighborhood positioning result in a value far below the Winnipeg average, which includes larger, higher-value homes across all districts.
3. The home sold in 2023 and 2016. What does the sold price history indicate?
The sold price ranges show steady, gradual appreciation in line with its assessed value. This consistency suggests a stable, predictable market value for this type of property without volatile swings.
4. What are the implications of having a "renovated" basement?
While specifics aren't listed, a renovated basement typically adds functional living space to a smaller home. It's important to verify the quality of the renovation, ensure it meets code, and check for any moisture issues common in basements.
5. How significant is the smaller Land Area?
The lot is under 3,000 sqft, which is smaller than most in the area. This means minimal exterior maintenance but also limited space for expansions, large gardens, or extensive outdoor amenities. It emphasizes a low-maintenance, efficient use of space.