8-204 Day Street

Property Overview: 8-204 Day Street, Winnipeg

Key Characteristics & Appeal

This 900 sqft property, built in 2008, presents a practical and efficient living space within a multi-unit building on Day Street in the Melrose area. Its primary appeal lies in its modern age relative to its immediate surroundings—it ranks in the top 5% for year built on its street—offering the potential for fewer major maintenance concerns compared to older builds. The living space is above average for the street but more compact than many units in the wider Melrose area, suggesting a smart use of space rather than expansiveness.

The financial profile is notable. With an assessed value of $18,800, it sits significantly below the averages for both the Melrose area and the city overall. This creates a compelling value proposition, particularly for entry-level buyers or investors seeking a lower point of entry into the market. Its last known sale was between $150k-$200k in 2017.

This property would suit a first-time homebuyer prioritizing a modern build and manageable space without a premium price tag. It could also appeal to an investor looking for a rental unit with a relatively recent construction date and a correspondingly lower assessed value for property tax purposes. The data suggests it’s a competitively priced, newer unit in a localized context where it stands out for its age.

Frequently Asked Questions

1. What does the "Elite" ranking for Year Built mean?
It means this unit, built in 2008, is newer than 95% of the comparable properties on Day Street itself. This is a hyper-local advantage, indicating potentially more modern building materials and systems than its immediate neighbours.

2. Why is the assessed value so much lower than the area average?
The assessed value of $18,800 is a municipal valuation for tax purposes, not a market price. It is around average for its own street but ranks in the bottom 6% for the Melrose area, meaning similar properties nearby are assessed higher. This can result from various factors, including unit size, specific location within the building, and the assessor's model.

3. How can I find out the exact past sale price?
The provided sale price is a range based on public data. As noted on the listing, you can request the exact historical sale price by emailing the site administrators, who manually provide the information.

4. What are the implications of the living area being "below average" for Melrose?
At 900 sqft, the unit is smaller than many in the broader Melrose area (where the average is 1,126 sqft). This isn't necessarily a drawback but defines the offering: it’s a more compact, likely easier-to-maintain space that may have lower utility costs, suited for individuals, couples, or those seeking a minimalist footprint.

5. How should I interpret the different rankings for street, area, and city?
They provide context at different scales. For example, the unit is "above average" in size on its own street but "below average" in the neighbourhood. This highlights that its value and characteristics are most competitive when compared directly to its closest neighbours, which is a useful perspective for understanding its immediate market position.