111 Craglea Corner

Property Overview

111 Craglea Corner is a two-storey home in Winnipeg's Canterbury Park neighbourhood, built in 1980. It sits on a 2,499 sqft lot and features 1,200 sqft of living space and a renovated basement. The home does not have a garage or pool. It last sold in November 2021 for $36,100 and has an assessed value of $31,400.

Key Features & Buyer Appeal

This home’s primary appeal lies in its efficient use of space and its position as a relatively affordable entry point into a mature neighbourhood. With 1,200 sqft of living area, it offers above-average interior space for its immediate street, making it feel more spacious than some neighbouring properties. The renovated basement adds functional living area without the need for immediate upgrades.

Its lot size is modest, especially compared to the wider Canterbury Park area, which translates to less yard maintenance—a potential perk for first-time homeowners, downsizers, or those seeking a low-maintenance property. The 1980 build date places it in a sweet spot: old enough to be situated in an established community with mature trees, but not so old as to carry the concerns of much older infrastructure.

This property would suit pragmatic first-time buyers looking for a solid, move-in-ready foundation in a quiet area, or investors seeking a manageable rental property. It’s less suited for those wanting a large yard, garage parking, or a brand-new build.

Frequently Asked Questions

1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.

2. How does the lack of a garage impact daily life and property value?
Street parking is the norm here. For some buyers, this is a worthwhile trade-off for a lower price point in the area. It’s advisable to assess on-street parking availability at different times.

3. The sale price in 2021 was higher than the current assessed value. What does this mean?
Assessed value is for municipal tax purposes and doesn't always equal market value. The 2021 sale price is a concrete data point, but current market conditions will determine today’s value.

4. The home ranks highly for living area on its street but average elsewhere. What's the takeaway?
This indicates the home is a standout in its immediate cluster for interior space, offering good value within its specific micro-location. The wider neighbourhood has larger homes on average.

5. What are the less obvious considerations for a home of this age and type?
While the basement is renovated, attention should be paid to the major systems consistent with a 1980s build, such as the roof, windows, and heating system, to gauge upcoming maintenance timelines.