Property Overview: 1107 Day Street, Winnipeg
Key Characteristics & Appeal
This is a compact, 528 sqft bungalow built in 1945, situated on a 2,999 sqft lot in the Radisson neighbourhood. The data clearly positions this as a modest, entry-level property. Its assessed value of $213k is notably below averages for the street, area, and city, indicating a relatively accessible price point in the market.
The primary appeal lies in its affordability and potential as a straightforward investment. It suits first-time buyers seeking a foothold in the market with lower upfront costs, or investors looking for a rental property with a lower capital outlay. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and property taxes compared to larger, newer homes, aligning with a minimalist or budget-conscious lifestyle. However, buyers should be prepared for a home that is significantly smaller and older than most in Winnipeg, which may influence renovation needs and long-term appreciation.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property’s specific characteristics—its smaller living area, older age, and smaller lot size compared to area averages. This combination results in a lower valuation.
2. What does the ranking in the "Top 100%" mean?
Rankings like "Top 100%" indicate the property is at or near the bottom of the comparison list for that specific metric (e.g., size, value). For example, being ranked 96 out of 96 for living area on its street means it is the smallest among those comparable homes.
3. Can I see the exact historical sale price?
Exact sale prices are not displayed publicly on the site. The provided range from 2019 is an estimate. You can request the exact sale history via email for a manually verified figure.
4. Is this a good investment for a rental property?
Given its below-average purchase price, it could offer a lower entry point for a rental investment. However, its smaller size may attract a specific tenant market, and its age suggests due diligence on the condition and potential maintenance is essential.
5. How does the lot size impact future potential?
At 2,999 sqft, the lot is smaller than most in the area. This may limit expansion possibilities like large additions or detached structures, but it also means less exterior maintenance. Any development would need to comply with local zoning bylaws.