Property Overview: 1005 Day Street, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1954, presents a solid value proposition rooted in its desirable lot and strong positioning within its immediate community. Its primary appeal lies in the generous 5,998 sqft lot, which ranks in the top 4% on its street, offering exceptional outdoor space and potential for expansion or gardening relative to nearby homes. The property’s assessed value of $349k is notably above average for both the street and the wider Radisson neighborhood, suggesting it is a well-regarded asset in the local market.
The home suits practical buyers looking for a established property in a stable area. It’s ideal for someone who prioritizes land size over a newer build, and who values a home that stands above its direct neighbors in terms of value and living space. A thoughtful perspective is that while the home is older than most in Radisson, its above-average metrics on its street indicate it’s a premium offering on a block of similar vintage, appealing to those who see opportunity in a character home with a standout lot.
Frequently Asked Questions
How does this home’s size compare to others?
At 1,040 sqft, the living area is above average for both Day Street and the Radisson neighborhood, but is close to the citywide average for similar homes.
Is the assessed value high for the area?
Yes. The $349k assessment is in the top 9% on its street and top 16% in Radisson, indicating it is valued higher than most comparable nearby properties.
What is the most standout feature of this property?
The land size. The lot of nearly 6,000 sqft is elite for the street (top 4%) and provides a significant amount of private outdoor space compared to neighboring lots.
The home was built in 1954. Is that a concern?
It is older than most homes in the Radisson neighborhood. While it requires consideration for maintenance and updates, its strong assessed value and lot size suggest these factors are already reflected in its valuation as a solid, established property.
What can recent sale prices on the street tell me?
A nearby home sold between $300k-$350k in 2021, placing it in the top 12% of street sales at that time. This supports the trend of well-positioned properties on Day Street holding strong value.