Property Overview: 770 Wayoata Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1963, three-level split home in Kildare-Redonda presents a compelling blend of space, value, and potential. Its key characteristic is a generous 6,397 sqft lot, placing it in the top 5% for land size on its street and the top 8% in the neighbourhood. This offers significant outdoor space rare for the area. The 1,081 sqft living area is efficiently laid out and is above average for both the immediate street and the neighbourhood. A renovated basement adds functional living space. The home’s assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into the market.
The appeal lies in this balance: it’s a property where the land itself is a standout asset, offering room for gardening, play, or future expansion, while the house provides solid, updated fundamentals. It would suit first-time buyers or practical downsizers looking for a manageable home with a premium lot size without a premium city-wide price tag. It’s also a fit for value-oriented buyers who see potential in the disconnect between the lot’s elite ranking and the home’s middle-of-the-road assessment, viewing it as a canvas for longer-term value growth.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The lot is substantially larger than average for both the neighbourhood and the street. City-wide, it ranks in the top 24%, but locally it’s a premier feature, offering more than 1,300 extra square feet compared to the average lot on Wayoata Street.
2. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope. A prospective buyer should inquire about the finish quality, the presence of proper permits, and whether it includes a separate entrance, additional bedrooms, or a legal suite.
3. Why is the assessed value relatively low compared to the city average?
The assessed value is calibrated against similar properties. Its below-average ranking city-wide and in Kildare-Redonda reflects the home’s older age, modest square footage, and the area’s market. It indicates this is a more affordable option within Winnipeg, not necessarily a reflection of the property’s condition.
4. Is there a garage or parking?
The listing specifies "Garage: None." Parking arrangements would be via driveway or street parking, and this should be verified during a viewing.
5. The home sold in 2017 and 2021. What does that recent activity suggest?
Two sales in under eight years could indicate a property that has been a successful starter home or an investment, possibly with improvements made between sales (like the basement renovation). It warrants asking about the reasons for sale and what changes were made during those ownership periods.