Property Summary: 806 Day Street, Kern Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 2004, offering modern construction in a neighbourhood of predominantly older homes. With 916 sqft of living space and a renovated basement, it provides efficient, low-maintenance living on a standard city lot. Its core appeal lies in its relative newness, which typically means fewer major upkeep concerns compared to century-old homes common in the area.
The data reveals a thoughtful perspective: this home consistently ranks above average for its assessed value within its immediate street and neighbourhood, suggesting it is viewed as a solid asset in its local context. It suits first-time buyers or downsizers seeking a move-in ready, modern property without the premium of a brand-new build. It’s also a pragmatic choice for an investor or owner-occupant who prioritizes newer mechanical systems and building envelope over square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value notably higher than many neighbours?
The primary reason is the 2004 build year. Compared to the neighbourhood average (homes built around 1947-1959), this property benefits from a much newer foundation, roof, wiring, and plumbing, which is positively reflected in its assessment.
2. What does "renovated basement" imply?
While specific finishes aren't detailed, it indicates the below-ground space has been upgraded to functional living standards, adding valuable usable area to the 916 sqft main floor. It’s advisable to confirm the nature of the renovation, permits, and ceiling height.
3. How does the living space compare to typical Winnipeg homes?
At 916 sqft, it’s below the city-wide average (~1,342 sqft), offering a more compact layout. However, it is very close to the average size for both Day Street (~935 sqft) and the Kern Park area (~1,047 sqft), fitting the local scale.
4. Is there potential for future expansion or a garage addition?
The 3,661 sqft lot is slightly smaller than others on the street but may allow for an addition or detached garage, subject to zoning bylaws and setback requirements. Its newer construction means any major modification would need to carefully integrate with the existing modern structure.
5. How stable has the property's value been?
Based on the sold price history, the property’s value has appreciated between its 2016 and 2021 sales, maintaining a price position consistently above the local average for those periods. This indicates sustained demand for its unique (for the area) modern build.