Property Overview: 808 Wayoata Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 808 Wayoata Street in the Kildare-Redonda neighbourhood presents a compelling mix of space, value, and established community living. Its key characteristic is a well-proportioned 1,047 sqft living area, which is notably above average for both its immediate street and the wider neighbourhood. The home sits on a 5,250 sqft lot, providing generous outdoor space for a property of this type. A significant feature is the renovated basement, adding functional living space, and the property includes a detached garage.

The appeal lies in its strong positional value. The home's assessed value ranks in the elite top 5% on its street and top 4% in Kildare-Redonda, suggesting it is a standout property in its local market context. This indicates a history of maintenance or improvements that are recognized in its valuation. The sales history shows steady appreciation, with the last sale in 2022 transacting at a premium tier compared to local averages.

This property would suit practical buyers looking for a move-in-ready home with room to grow in a stable, established area. It's ideal for first-time buyers seeking a solid investment in a community where their home already outperforms many peers, or for downsizers who want single-level living (with a finished basement) without sacrificing yard space. The data suggests it’s a “best-in-class” option within its immediate vicinity rather than a city-wide luxury purchase.

Section 2: Frequently Asked Questions

1. What does the "elite" assessed value ranking actually mean?
It means the municipal property assessment for this home is among the highest percentages on its street and in the neighbourhood. This often reflects factors like the renovated basement, lot size, and overall condition compared to similar-aged homes nearby. It's a sign of above-average perceived value in its local context.

2. Is the living space typical for a bi-level?
At 1,047 sqft, the living area is larger than the average comparable home in both Kildare-Redonda and on Wayoata Street itself. This suggests an efficient or expanded layout, making it a more spacious option within its specific property type and area.

3. How stable has the home's value been?
Public sales data shows two transactions: one in early 2018 and a more recent one in mid-2022. The 2022 sale price ranked in the top 3% for the street, indicating strong value retention and appreciation between those periods, especially relative to its immediate neighbours.

4. What is the neighbourhood feel of Kildare-Redonda?
The home is on a quiet street with properties built primarily in the 1960s. The rankings show consistency in age and lot size among nearby homes, pointing to a mature, settled neighbourhood with a uniform character. The above-average lot size for the street offers a bit more privacy and outdoor room.

5. Why is the city-wide assessment ranking much lower than the street ranking?
This is a key perspective. While the home is a high-value property on its street, its assessed value is around the city-wide median. This highlights that it is an excellent property within its established, mid-century neighbourhood but is priced differently than homes in newer developments or more premium areas city-wide. It represents strong value within its specific market segment.