Property Overview: 1002 Day Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1002 Day Street is a modern property built in 2020, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its new construction, which is exceptionally rare for the Kildare-Redonda area where most homes are decades older. With 904 sqft of living space, it fits comfortably within the average for the immediate neighborhood, making it a practical and low-maintenance option.
The home’s assessed value is notably strong for the street and neighborhood, ranking in the top 10%, which suggests good value retention. However, the lot is compact at just under 3,000 sqft, which is smaller than most in the area. This trade-off is central to its character: you gain a modern, efficient home but with less outdoor space.
This property would suit first-time buyers or downsizers seeking a newer build without a premium suburban price tag. It’s ideal for those who prioritize modern systems, minimal renovation needs, and a straightforward footprint over a large yard or expansive square footage. The renovated basement adds valuable flexible space, enhancing its utility for a small household.
Section 2: Frequently Asked Questions
1. How does the lot size impact living here?
The lot is smaller than most in Winnipeg and the local area. This means lower yard maintenance, but also limited private outdoor space. It’s a practical fit for those who prefer low upkeep or who utilize nearby community spaces.
2. Why is the assessed value high for the neighborhood?
The assessment strongly reflects the home’s very recent construction year (2020) compared to the area's older housing stock. Modern builds typically have higher assessments due to new materials, systems, and current construction costs.
3. What does the "Top 53%" ranking for living area mean?
It means the home’s interior size is slightly above the median for Day Street itself. It’s a comfortably average size for the immediate block, though below the much larger city-wide average, confirming it's a more compact, efficient home.
4. Is there a garage or parking?
The listing specifies no garage. Prospective buyers should investigate on-street parking regulations or the potential for a driveway addition, given the smaller lot.
5. The last sold price range shows $28.5k-$31.5k in 2020. Why is the assessed value now $35.70k?
The assessed value is a municipal valuation for tax purposes, not a market price. The increase since the 2020 sale likely accounts for the home no longer being brand new but still being a very recent build in a market of older homes.