Property Overview: 885 Wayoata Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 720 sqft bi-level home at 885 Wayoata Street presents a practical and affordable entry point into Winnipeg’s Kildare-Redonda neighborhood. Built in 1971, its key feature is a renovated basement, adding valuable finished living space. The home sits on a modest, manageable lot just under 3,000 sqft and does not include a garage or pool.
Its primary appeal lies in its value positioning. The home’s assessed value and recent sold price are consistently below the averages for both the wider city and the local area, suggesting a lower barrier to entry. For its immediate street, however, it ranks as fairly average in size, value, and lot size, indicating it fits right into the context of its specific block—a sign of neighborhood consistency. The renovated basement is a notable functional upgrade that adds immediate utility without the need for a major project.
This property would best suit first-time buyers, downsizers, or practical investors looking for a straightforward, no-frills home in a mature neighborhood. It’s for someone who prioritizes a sensible financial footprint and a move-in-ready basement space over larger square footage or extensive outdoor space. A less obvious perspective is that its "average-on-the-street" status can be a stability advantage, offering protection from being over-improved or under-valued relative to direct neighbors.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 720 sqft of living area, this bi-level is smaller than the average home in both Kildare-Redonda and Winnipeg overall. However, it is very close to the average size for other homes on Wayoata Street itself.
2. What is the significance of the renovated basement?
The renovated basement adds finished living space without requiring immediate investment from a new owner. It’s a key functional upgrade that enhances the home’s usable square footage.
3. Is the assessed value a reliable indicator of the expected price?
The assessed value is one data point for municipal tax purposes. The home’s last known sold price range (2020) and its current assessed value are both below city and neighborhood averages, which generally indicates a more affordable price point. For the exact historical sold price, you can request it via email from the source.
4. Who might this property not suit?
It may not suit buyers looking for ample storage or vehicle shelter, as there is no garage. Those wanting a large yard for gardening or recreation may find the lot size limiting compared to other areas.
5. How does the year built affect this home?
Built in 1971, the home is newer than many in the Kildare-Redonda area. This can be an advantage, potentially meaning updates to core systems have occurred more recently than in older neighborhood homes, though a specific inspection is always recommended.