17-204 Day Street

Property Overview: 17-204 Day Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 900 sqft property in the Melrose neighbourhood is a study in contrasts, offering distinct advantages within its immediate context. Built in 2008, it is notably newer than most homes on its street and across Winnipeg, ranking in the top 5% locally for its year of construction. This suggests modern building standards and potentially lower near-term maintenance costs. Its assessed value of $19.70k is above average for Day Street, indicating it is a higher-value asset within its own row of properties, yet it remains below the average assessment for the broader Melrose area. This creates an interesting position: you own one of the better-maintained, newer units on the block, which can be a smart entry point into the market.

The appeal lies in this relative value. It suits pragmatic, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize modern infrastructure over a larger footprint. The data suggests you're not paying a premium for the wider neighbourhood but are acquiring a top-tier property on its specific street. It’s a sensible choice for someone who sees potential in a well-built unit and understands that value can often be found in the specifics of micro-location and property condition, rather than postcode alone.

Section 2: Frequently Asked Questions

1. What does it mean that the assessed value is high for the street but low for the area?
This typically indicates the property is in good condition relative to its direct neighbours (hence the higher street ranking), while the overall Melrose area may include larger homes or different property types that command higher values. It highlights this unit as a stronger asset on its immediate block.

2. How recent are the major systems, given it was built in 2008?
At 18 years old, major components like the roof, HVAC, and appliances are likely at or approaching mid-life. A pre-purchase inspection is advised to gauge their remaining lifespan and plan for future capital expenditures.

3. The sold price history shows a wide range (e.g., CA$150k–200k). Why is that?
The public price ranges are estimates. To obtain the exact historical sold prices for this unit, you must request them directly via the provided email service, as this data is not fully disclosed in public records.

4. The living area is below average for Melrose. Is the space efficient?
At 900 sqft, the living area is compact compared to the area average. This emphasizes the importance of the floor plan layout. Buyers should consider if the space is configured efficiently for their needs, as the newer build year may offer a more modern, open design that uses the square footage effectively.

5. Who are the typical neighbours, given the many similar addresses on Day Street?
The list of nearby properties (e.g., 10-204, 8-204 Day Street) suggests this is likely a condo or townhouse complex with a consistent streetscape. Prospective buyers should investigate the strata or condo corporation rules, fees, and the community atmosphere, as this will significantly impact daily living.