Property Overview
This 3-level split home at 748 Wayoata Street presents a solid opportunity in Winnipeg's Kildare-Redonda neighbourhood. Built in 1963, it sits on a large, 6,319 sqft lot—a standout feature that ranks in the top 10% for size on its street. The home itself offers 1,084 sqft of living space and includes a renovated basement and a detached garage.
The appeal here is rooted in space and value. The expansive lot is a significant asset, offering ample room for gardening, play, or future expansion in a city where larger plots are increasingly rare. The renovated basement adds immediate functional living space without the need for initial projects. While the home's assessed value is consistent with the area, its last sale price in 2021 was notably high for the street, suggesting a premium was placed on its condition or potential at that time.
This property would suit practical buyers looking for a move-in-ready foundation with clear upside. It's ideal for a young family seeking backyard space, or for a value-conscious purchaser who appreciates the flexibility a large lot provides for long-term plans, whether that's adding a deck, a workshop, or simply enjoying the extra privacy.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is approximately 6,300 sqft, which ranks in the top 25% for size across Winnipeg, making it significantly larger than many standard city lots.
2. The home sold for well above the assessed value in 2021. What does that indicate?
The prior sale price suggests the property may have had updates or features that commanded a premium at that time. It’s a useful data point for understanding the home's potential market value, but a current appraisal and inspection are recommended to assess its present condition and worth.
3. What are the implications of a "renovated" basement?
While this indicates finished living space, it's important to verify the quality and permits for the renovation, as well as to check for any moisture issues common in basements of this era.
4. Is the detached garage a benefit or a drawback?
This depends on preference. A detached garage offers flexibility for its use (e.g., as a workshop) without impacting house noise or fumes, but it is less convenient for accessing your vehicle in winter compared to an attached garage.
5. The home is older. What should I prioritize during an inspection?
Given the age, focus on the condition of major systems: the roof, foundation, plumbing, and electrical wiring. The inspection should confirm that the renovated basement work did not compromise any structural or waterproofing elements.