Property Overview: 14-204 Day Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 900 sqft property at 14-204 Day Street in the Melrose neighbourhood presents a specific and practical value proposition. Built in 2008, it is notably newer than most homes in both its immediate area and across Winnipeg, ranking in the top 5% for age on its own street. This suggests a potential for more modern building systems and less immediate need for major updates compared to older stock.
Its appeal lies in its efficiency and relative affordability. The living space is above average for Day Street but more compact than typical Melrose area homes, positioning it as a manageable, lower-maintenance option. The assessed value of $18,800 is significantly below the Melrose average, indicating a lower property tax burden and an accessible entry point into the market. This combination of a newer build with a below-average assessed value for the area is its defining characteristic.
This property would best suit a first-time homebuyer, an investor looking for a rental unit, or a downsizer seeking a modern, low-maintenance home without a high tax load. It’s for those who prioritize practical economics and a newer build over sheer square footage. A less obvious perspective is that its "below average" size and value for Melrose might actually be an advantage, offering a chance to live in the neighbourhood without paying for space you may not need.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It means this property, built in 2008, is among the newest 5% of comparable homes on Day Street. In context, it is also newer than 92% of homes in the broader Melrose area, suggesting more contemporary construction than most nearby options.
2. Why is the assessed value so much lower than the Melrose average?
The assessed value of $18,800 is in the bottom 6% for Melrose. This is likely due to its more compact size (900 sqft) compared to the area average (~1,126 sqft). Value assessments are heavily influenced by living area, which results in a lower valuation and, consequently, lower property taxes.
3. How recent is the sale history, and what did it sell for?
The most recent recorded sale was in 2020, with a public price range of $150,000 to $200,000. For precise historical sold prices, you must request the information directly via the provided email service.
4. What are the neighbours like?
The listing shows several directly adjacent properties at the same street number (e.g., 8-204, 6-204 Day Street), indicating this is likely a condo, townhouse, or apartment-style complex. This means you will have very close neighbours and shared common elements or walls.
5. Is this a good investment compared to the rest of the city?
The data shows a mix. While its size and value are around the city-wide average, it is a newer-built unit in a neighbourhood where most homes are older. This could appeal to a specific segment of renters or buyers wanting modern amenities in an established area, though potential for value appreciation may differ from that of a detached home.