Property Overview
This single-storey home at 127 Peter Sosiak Bay in Canterbury Park presents a specific and appealing value proposition. Built in 2005, it is a notably newer home compared to the Winnipeg average. Its key feature is a generous 5,231 sqft lot, which is well above average for both the immediate street and the Canterbury Park neighbourhood. The living space is a modest 1,237 sqft, and the home includes an attached garage and a renovated basement.
The primary appeal lies in securing a modern, low-maintenance home on a large, private lot—a combination that can be rare in established areas. It suits first-time buyers or downsizers looking for a newer build without a condo fee, or investors seeking a modern property with land value in a stable neighbourhood. A thoughtful perspective is that the smaller living area on a larger lot offers a clear opportunity: the value is in the land and the building's modern fundamentals, leaving room for a future expansion (like a sunroom or garage addition) if desired, without the need to update an aging structure.
Frequently Asked Questions
1. Is the property tax bill unusually low?
The assessed value is listed at $45.20k, which is a municipal assessment for tax purposes and not the market value. The home last sold in 2017 for $350k. Property taxes would be based on the assessed value and the city's mill rate.
2. How does the lot size compare practically?
At over 5,200 sqft, the lot is significantly larger than many in the area. This translates to more backyard space, greater distance from neighbours, and ample room for gardening, play, or outdoor entertaining compared to typical suburban lots.
3. Who might find the living area a drawback?
The 1,237 sqft of living space is compact for a single-storey layout. It would likely feel cramped for a family needing multiple bedrooms and dedicated spaces for work or hobbies. It is better suited for individuals, couples, or small families.
4. What does "renovated basement" typically mean here?
While specifics aren't listed, in a 2005 home this likely means finished living space, possibly including a rec room, additional bedroom, or bathroom, adding functional square footage beyond the main floor.
5. Why is the year built considered "Elite" on this street?
The data shows the home, built in 2005, is one of the newest on Peter Sosiak Bay. This means it likely has more contemporary building materials, wiring, plumbing, and insulation than older homes on the block, potentially reducing immediate repair costs.