Property Overview: 903 Wayoata Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1971. With 800 sqft of living space and a 3,322 sqft lot, its scale is modest compared to city-wide averages, but it is quite typical for its immediate street. A key feature is its renovated basement, adding functional living space. The home does not have a garage or pool.
The primary appeal lies in its efficiency and manageability. It represents a lower-entry price point within the city, as reflected in its assessed value being below average for its area. This makes it a practical candidate for first-time homebuyers, downsizers, or investors seeking a straightforward, single-level property. The renovated basement is a significant value-add, offering flexibility for a recreation room, home office, or rental potential (subject to regulations).
A thoughtful perspective: While the lot size is below the neighbourhood average, it translates to less yard maintenance—a potential benefit for those seeking a low-maintenance lifestyle. Additionally, being a newer build on its street (above average for Kildare-Redonda) may suggest fewer immediate concerns with aging components compared to some neighbours.
Section 2: Frequently Asked Questions
1. What is the exact recent sale price?
The available public data indicates a sale occurred in February 2021 for an estimated range of $18.50k to $21.50k. For the precise sale price, you can request the information via email from the listing source.
2. Is the basement renovation legal and permitted?
The listing notes the basement is "renovated." It is essential to verify with the seller or city records whether the work was done with proper permits and meets all safety and building code requirements.
3. What is the parking situation without a garage?
The property has no garage. Buyers should investigate on-street parking regulations, the availability of a driveway, or the possibility of adding a parking pad.
4. How does the assessed value relate to the likely market price?
The assessed value for taxation purposes ($23.20k) is a starting point, but market price is determined by current supply, demand, and property condition. It is notably lower than average for the street and area, which can indicate a more affordable entry point.
5. What are the implications of the home's smaller size?
The 800 sqft footprint is efficient but requires thoughtful space planning. The renovated basement effectively doubles the usable living area, making the overall package more comfortable than the main floor square footage alone might suggest.