Property Summary: 1312 Day Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a spacious lot presents a straightforward, value-oriented opportunity in the Kildare-Redonda neighbourhood. Its key characteristics are defined by useful contrasts: while the 833 sq. ft. living area is modest and below the city average, the 5,197 sq. ft. lot is notably larger than most on its street. The home, built in 1970, is newer than many in the immediate area. It features a detached garage and an unrenovated basement, indicating a property that functions as a comfortable blank canvas rather than a move-in-ready showcase.
The appeal lies in its foundational value and potential. The large lot is a significant asset, offering ample outdoor space and future possibilities that are increasingly rare. It suits practical buyers looking for an affordable entry into homeownership who are comfortable with a property that may require updates over time. It’s also a sensible match for investors or hands-on owners who see value in the land and the solid, uncomplicated structure, rather than in high-end finishes. This is a home for those who prioritize space and location over square footage, viewing the condition not as a drawback but as an opportunity to build equity through their own improvements.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $28.80k) is for municipal tax purposes. The likely market value is significantly higher, as suggested by the city-wide comparison average of $390k for similar-sized homes. Always rely on a current market evaluation for buying or selling.
2. What does "basement, not renovated" typically mean?
This usually indicates a functional but dated basement. Expect it to be usable for storage, laundry, or as a basic rec space, but not updated with modern finishes. It represents potential for future living space or storage without the premium cost of a finished basement.
3. How does the lot size compare meaningfully?
At over 5,000 sq. ft., the lot is approximately 18% larger than the average in Kildare-Redonda. This is a standout feature, providing more yard space, better potential for additions, gardening, or parking, and often contributing more to long-term property value than interior square footage in this price range.
4. The home sold in late 2017. What can that price tell me?
The past sold price (in the $20.5k-$23.5k range) provides a historical benchmark, but it reflects the market conditions of seven years ago. Its primary use today is to show the property's history, not to predict its current value, which will be influenced by today’s market dynamics and any changes made to the home since.
5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance, or immediately spacious turn-key home. The modest living area, unrenovated basement, and likelihood of dated interiors mean it’s better for those with a renovation budget or a higher tolerance for cosmetic updates.