Property Overview: 876 Wayoata Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 876 Wayoata Street in the Kildare-Redonda neighbourhood presents a straightforward, entry-level opportunity. Its key appeal lies in its relative modernity within its immediate context—built in 1973, it is notably newer than most direct neighbours and homes in the area, which can suggest updated building materials and systems. With 720 sqft of living space and a renovated basement, it offers compact, efficient living.
The home suits first-time buyers, downsizers, or investors seeking an affordable foothold in the Winnipeg market. Its assessed value is consistently below area and city averages, indicating a lower property tax burden and an accessible price point. The lot, while smaller than typical city lots, is average for the street, making for manageable upkeep. A thoughtful perspective is that this property represents a "value-average" proposition on its block: it doesn't lead in size or value, but its newer construction date is a significant, less obvious advantage in an older neighbourhood, potentially reducing near-term maintenance concerns compared to peers.
Section 2: Frequently Asked Questions
1. How does this home's size compare practically?
At 720 sqft, the living area is compact, below the averages for both the neighbourhood and the city. This indicates a efficient, low-maintenance interior space, well-suited for individuals, couples, or small families comfortable with a cozy layout.
2. What does the "Elite" ranking for Year Built mean?
This means the 1973 build date is newer than over 96% of comparable homes on Wayoata Street and 96% in Kildare-Redonda. In an area with many older homes, this is a distinct advantage, often associated with more modern construction standards.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($27,200) is for municipal tax purposes. Note that recent sold price data (2016, 2020) shows a range of $18.5k-$21.5k, which was significantly below the city-wide average at those times. Market conditions, property condition, and demand will determine the final sale price.
4. What should I know about the lot size?
The land area is 2,999 sqft, which is smaller than most Winnipeg lots but near average for Wayoata Street itself. This means outdoor maintenance is relatively modest, but space for expansions or large additions may be limited.
5. How can I find out the exact historical sold prices?
The precise sale prices are not publicly displayed in the data. You can request them directly via the "Get exact sold price history" feature on the listing page, which provides the figures via a manual email response.