12 Barb Culbertson Cove

Property Overview: 12 Barb Culbertson Cove, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This 2014-built home in Canterbury Park presents a compelling mix of space, modernity, and location. Its standout feature is the exceptionally large, 10,459 sqft lot, which places it in the top 5% of properties city-wide for land area. This offers rare potential for expansion, gardening, or private outdoor living within the city. The home itself has a renovated basement and an attached garage, with a comfortable 1,602 sqft of living space that is above average for both the neighbourhood and Winnipeg overall.

The appeal lies in its balance. You get a modern construction year that minimizes immediate repair concerns, coupled with a lot size more typical of older, established areas. It suits buyers who prioritize land and outdoor potential over having the largest interior on the street, and who value a home that is newer than most in a mature, sought-after neighbourhood like Canterbury Park. It’s an ideal fit for a growing family seeking room to play and possibly expand, or for anyone who sees long-term value in owning one of the larger properties in a well-regarded community.

Frequently Asked Questions

1. How does the assessed value relate to the sale price?
The home last sold for $500,000 in August 2020. Its current assessed value for tax purposes is $58,300. It’s important to note that assessed value is not a market valuation; it is used for calculating property taxes and is typically lower than current market value.

2. Is the living space small for the area?
While the home’s interior is the smallest among the five directly comparable properties on its own street, it is still larger than the average home in both Canterbury Park and Winnipeg overall. The trade-off is the exceptionally large lot.

3. What does the "Elite" ranking for land area mean?
The data indicates this property’s lot size is in the top 1% for Canterbury Park and the top 5% city-wide. This means it offers significantly more land than most homes in Winnipeg, a rare find for a 2014 build.

4. What are the property taxes?
Property taxes are calculated using the assessed value ($58,300) and the City of Winnipeg’s mill rate. You can estimate taxes by multiplying the assessed value by the current residential mill rate (available on the city’s website).

5. How does the 2014 build year compare?
Built in 2014, the home is significantly newer than the average Winnipeg home (built ~1966) and above average for Canterbury Park (~1997). This suggests more modern construction standards, materials, and systems, potentially leading to lower maintenance costs in the near term.