Property Overview: 872 Wayoata Street, Winnipeg
Key Characteristics & Appeal
This 800 sqft, one-storey home on a 2,999 sqft lot presents a straightforward, low-maintenance living option. Built in 1973, it is notably newer than most homes on its street and in the Kildare-Redonda area. The home features a basement (not renovated) and does not include a garage or pool. Its assessed value is modest and sits below local averages.
The primary appeal lies in its simplicity and relative modernity within its immediate context. It suits first-time buyers or investors seeking an entry point into the market with a home that requires minimal upkeep compared to much older properties. The below-average living space and land area compared to the wider city suggest a focus on function over size, potentially appealing to downsizers or those with a minimalist lifestyle. Its consistent below-average rankings in value and size across different comparison groups indicate a predictable, lower-cost footprint, which could be a strategic choice for budget-conscious buyers prioritizing location within Winnipeg over square footage.
Frequently Asked Questions
1. What does it mean that the home is "newer" than most in the area?
While built in 1973, this home ranks in the top 2% for year built on its street and top 4% in the neighbourhood. This suggests potentially fewer issues related to aging infrastructure (like plumbing or electrical) compared to the area's older housing stock, which averages from the mid-to-late 1960s.
2. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $26,500 is for municipal tax purposes. Recent sold price data (June 2023) for this property shows a range of $21.5k-$24.5k, which was below the assessed average for the street at that time. Market conditions and the property's condition are the true price drivers.
3. How might the lack of a garage and a non-renovated basement affect livability?
The absence of a garage means all parking is on-street and storage space is limited. The non-renovated basement offers utility space and storage potential but would require investment to become finished living area. This setup favors buyers who don't require vehicle shelter or who view the basement as a blank canvas for future projects.
4. The home is below average in size compared to the city. Is that a concern?
It depends on your needs. At 800 sqft, it is significantly smaller than the Winnipeg average (~1,342 sqft). This makes it efficient and cost-effective to heat and maintain, but may feel cramped for larger families or those needing dedicated home office space.
5. What is the significance of the lot size being "below average" for the neighbourhood?
With a lot just under 3,000 sqft, you have less outdoor space than many neighbours (area average is ~5,085 sqft). This translates to less yard maintenance—a plus for those not wanting extensive gardening—but also less private outdoor room for recreation, gardening, or future expansions like a large deck or addition.