Property Overview: 804 Day Street, Kern Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1920, presenting a straightforward opportunity in Winnipeg's Kern Park neighbourhood. Its key appeal lies in its accessibility and potential. With a living area of 692 sqft, it is notably smaller than most area homes, which positions it as one of the more modestly scaled and likely more affordable entries into the market. The property sits on a roughly average-sized lot for the immediate area (3,661 sqft), offering a decent outdoor space relative to the home's footprint. It features a detached garage and an unrenovated basement.

This home would suit a specific type of buyer: a first-time purchaser, an investor, or a downsizer comfortable with a project. Its lower assessed value and compact size suggest a lower barrier to entry. The appeal is not in move-in-ready luxury, but in the chance to secure a property with foundational utilities (like the detached garage and basement space) in an established neighbourhood, where the value may be found in the land and the possibility of gradual updates or expansion. A thoughtful perspective is that its smaller size and vintage can mean lower utility costs and a simpler, more manageable living space for the right owner, contrasting with larger, more expensive-to-maintain modern homes.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" or a liveable home?
Based on the details, it is a standing, functional home (with a basement and garage), not an empty lot. It is described as having an unrenovated basement, suggesting it is liveable but may require updates or improvements to suit modern tastes.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size (692 sqft, which is below average at every geographic level listed), its age (106 years old), and likely its condition relative to other properties. It is assessed in line with similar, smaller vintage homes in its core area.

3. What does the sold price history indicate?
Public data shows it last sold in May 2023 for an estimated range of $20.5k to $23.5k. This recent sale price is close to its current assessed value of $23.4k, indicating the assessment is closely aligned with its very recent market activity.

4. How does the lot size compare, and does that add value?
The land area is around average for Day Street and Kern Park. For a smaller home, the lot proportion is quite generous. This could be a positive factor for future outdoor use, gardening, or even potential expansion, subject to local zoning.

5. Who are the most likely neighbours or comparable properties?
The listing references nearby homes on Day Street and similar assessed-value properties elsewhere in the city. In Kern Park specifically, it compares to other older, modest-sized homes, suggesting a neighbourhood of varied but generally established character.