Property Overview: 804 Wayoata Street, Winnipeg

Key Characteristics & Appeal

This one-storey home in Kildare-Redonda presents a compelling mix of established neighbourhood character and standout financial metrics. Built in 1963, the 1,047 sqft house sits on a generous 5,775 sqft lot, offering above-average outdoor space for the immediate area. A key feature is the renovated basement, adding functional living space. The home includes a detached garage.

The primary appeal lies in its exceptional assessed value of $380,000, which ranks in the top 3% of its neighbourhood and top 2% on its street. This suggests the property is viewed as a premium holding within its local context, potentially due to lot size, renovations, or specific location advantages. While the living area is modest compared to the city-wide average, it is notably above average for both the street and Kildare-Redonda, indicating it fits well within the community's scale.

This property would suit a buyer looking for a established, solid neighbourhood where the investment is backed by strong municipal assessment. It's ideal for those who value outdoor space and have perhaps outgrown a smaller lot but don't require a massive home. It could also appeal to an investor or homeowner who sees value in a property that already stands out from its immediate peers in terms of official valuation, viewing it as a stable, low-risk asset in its category.

Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The assessment ranks in the elite tier for both the street and neighbourhood. This is typically driven by a combination of factors like the renovated basement, the larger-than-average lot size for the area, and overall property condition, as determined by the municipal assessor.

2. Is the living space sufficient for a family?
At 1,047 sqft (plus a renovated basement), the living area is above average for this specific community. It would likely suit a small to medium-sized family comfortably, especially with the added flexible space from the basement renovation.

3. What does the sold price history indicate?
Public data shows it last sold in August 2022 for an estimated range of $38.5k to $41.5k. It's important to note this appears to be a historical sale price from decades past, not a recent transaction. The current assessed value of $380k reflects its modern valuation.

4. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main house's layout. Some buyers prefer this separation, though it means going outdoors to access your vehicle.

5. How does the lot size benefit a buyer?
At 5,775 sqft, the lot is significantly larger than many on the same street. This provides more private outdoor space for gardening, recreation, or future additions like a deck or shed, which is a valuable commodity in established neighbourhoods.