Property Overview: 109-670 Wayoata Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is an 800 sqft condo unit in the Kildare-Redonda neighbourhood, built in 2011. Its primary appeal lies in its modern build year, which stands out significantly in its immediate context. It ranks as one of the newest homes on its street and in the local area, suggesting less immediate concern for major system replacements compared to older stock. The living space is efficiently sized, being above average for the neighbourhood and generous for the street, but is modest compared to the Winnipeg city-wide average for homes.
The property’s assessed value is notably below the city average, indicating a relatively affordable entry point into a modern build. This combination of newer construction and lower assessment creates a specific value proposition. It would suit first-time buyers or investors seeking a low-maintenance, modern property without a premium price tag. It’s also a practical fit for downsizers looking for a manageable space that doesn’t require updates. A less obvious perspective is that its "below average" city-wide metrics might represent an opportunity for value-conscious buyers who prioritize the condition and age of a building over sheer size, especially in a stable, built-up area.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It means this unit, built in 2011, is newer than approximately 95-97% of comparable properties on its street and in the Kildare-Redonda area. It’s a distinctly modern building in its local context.
2. How does the living area compare to typical homes?
At 800 sqft, it is larger than most similar properties on Wayoata Street and in the Kildare-Redonda neighbourhood. However, it is smaller than the typical Winnipeg home, which averages around 1,042 sqft.
3. Why is the assessed value below the city average?
While the unit is modern, its assessed value of $17,100 is below the city average of approximately $25,600 for comparable properties. This is likely due to its condo type, specific location, and more compact size relative to the city-wide housing mix, which includes many larger, single-family homes.
4. What is the history of sale prices for this unit?
Based on public data, it last sold between July 2012 and July 2020 for an estimated price in the range of $13,500 to $16,500. The exact sale price is available upon request from the listing source.
5. Are there many similar units in the building?
Yes, the listing shows several other units at the same address (670 Wayoata Street), indicating this is a condo complex. This can be beneficial for understanding consistent property values and building community.