Property Overview: 898 Wayoata Street, Winnipeg
Key Characteristics & Appeal
This 720 sqft bi-level home at 898 Wayoata Street in Kildare-Redonda presents a straightforward, entry-level opportunity. Its key characteristic is its renovated basement, adding functional living space to a compact footprint. The home’s primary appeal lies in its affordability and efficiency, underscored by a low assessed value that places it well below area and city averages. It sits on a modest, manageable lot and, notably, is one of the newer homes on its street, built in 1973.
This property would suit first-time buyers or investors seeking a low-cost entry into the Winnipeg market. It’s a practical choice for those who prioritize financial accessibility over size, and who see potential in a home that is already partially updated. A less obvious perspective is that its below-average metrics across the neighborhood might offer a relative value play in an area where higher costs are the norm, allowing for ownership with lower ongoing property tax obligations.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality of the renovation and how it adds to the living space.
2. Why is the assessed value so much lower than the city average?
The assessed value is based on municipal evaluation, which considers factors like home size, age, and location. This home’s below-average square footage and modest characteristics result in a lower assessment, which typically correlates with lower property taxes.
3. Is the lack of a garage a significant drawback?
This depends on the buyer's needs. The property has no garage, which is common for many homes in this price range. Buyers should consider on-street parking availability or the cost/feasibility of adding a shed or parking pad if needed.
4. How does the 1973 build date compare to the neighborhood?
While average for the city, this home is actually newer than most on its specific street and in the wider Kildare-Redonda area. This could suggest potentially fewer immediate concerns with very aged major systems compared to some neighbors.
5. Where can I find the exact historical sale price?
The exact sold price from August 2022 is not publicly displayed in this summary. The listing service offers to provide the precise figure via email upon request, which is a common practice for certain detailed transaction data.