Property Overview: 119 Peter Sosiak Bay, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Canterbury Park home, built in 2005, presents a compelling blend of space, modernity, and established neighbourhood character. Its key appeal lies in its generous, above-average lot size (over 5,150 sq ft) for the area, offering more outdoor space than most immediate neighbours. The home itself features a renovated basement and attached garage, with a living area that provides comfortable, functional space for a family.
The property’s strength is its balanced standing. It isn’t an outlier in any single category but consistently ranks above average across important metrics—especially for its lot size, newer construction year relative to the city, and assessed value—within its desirable Canterbury Park neighbourhood. This suggests a property that holds its value well in a stable community. It would suit buyers looking for a move-in ready, low-maintenance home from the 2000s on a sizable lot, perfect for those who value private outdoor space without venturing to newer suburbs. It’s an ideal fit for growing families or professionals seeking a established area with a modern home foundation and room to grow.
A less obvious perspective is its "relative newness" on a street and in a wider city context where many homes are older; built in 2005, it is one of the newest homes on its specific bay, potentially meaning fewer major system updates are imminent compared to the Winnipeg average.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
At 5,156 sq ft, the lot is notably larger than the averages for both the immediate street (4,968 sq ft) and the Canterbury Park neighbourhood (4,807 sq ft). This translates to more usable backyard space for gardening, play, or entertaining.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A buyer should inquire about the finish quality, the presence of legal egress, and whether it includes a bathroom or kitchenette to understand its full value and functionality.
3. The home sold in 2020 for $440k, but is now assessed at $530k. Why the difference?
Property assessments for taxation purposes and market sale prices are different metrics. The 2020 sale reflects the market at that time. The current assessed value is an estimate by the municipal assessor for tax purposes and suggests the city views the property as having increased in value, though the actual market price is determined by current buyers and sellers.
4. Is this a good value for Canterbury Park?
The data indicates it is a strong contender. Its assessed value ranks in the top 10% for the neighbourhood, meaning it is considered among the higher-value homes in Canterbury Park. This often correlates with desirable features, condition, and location within the area.
5. What is the surrounding area like?
The home is on a quiet bay. The proximity of other homes with similar assessed values on nearby streets (as listed in "Similar assessed value") suggests it is in a consistent, well-regarded pocket of the community, which can contribute to stable property values.