Property Overview: 880 Wayoata Street
Key Characteristics & Appeal
This 720 sqft bi-level home at 880 Wayoata Street presents a practical and updated living space in Winnipeg's Kildare-Redonda neighbourhood. Its key feature is a renovated basement, adding functional living area to the compact main floor. The home sits on a manageable 2,999 sqft lot with a detached garage. Built in 1973, it is notably newer than most homes on its street and in the immediate area, which can mean fewer immediate concerns with aging core components.
The appeal here is grounded in value and simplicity. It suits first-time buyers or downsizers seeking an affordable, low-maintenance entry into the market without a major renovation project. The renovated basement offers immediate utility, whether for family space, a home office, or a rental suite (subject to zoning verification). While its living space is below the neighbourhood and city averages, this translates to lower utility costs and less upkeep. Its assessed value is modest for the city, positioning it as a financially accessible option. A thoughtful perspective is that this property represents a "right-sized" home: it offers what you need without paying for excess square footage you may not use, allowing resources to be allocated elsewhere.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft of living area, this home is smaller than the average for Kildare-Redonda (966 sqft) and Winnipeg overall (1,342 sqft). However, it is closer to the average for homes specifically on Wayoata Street (857 sqft).
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, the presence of proper permits, and whether it includes a separate entrance or kitchenette, which would impact its potential uses.
3. Is the assessed value a reliable indicator of the listing price?
The home has an assessed value of $270,000. This is a municipal valuation for tax purposes and is not a direct recommendation for market price. The last known sale was between $195,000 and $225,000 in late 2019, so the current listing price will reflect market conditions since then.
4. What are the advantages of the 1973 build year?
For this street and neighbourhood, a 1973 build is relatively new. This can be advantageous as major systems (like plumbing and electrical) may be younger and potentially updated to more modern standards compared to much older homes in the area, possibly reducing near-term repair costs.
5. How does the lot size impact the property?
The 2,999 sqft lot is below average for the area but is fairly typical for the street. It provides sufficient outdoor space for a patio or garden while minimizing yard maintenance responsibilities—a plus for buyers seeking a lock-and-leave lifestyle or who prefer not to spend weekends on extensive yard work.