Property Overview: 178 Wynford Drive, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Canterbury Park is defined by its exceptional lot size. With 7,242 square feet of land, the property ranks in the top 5% on its street and top 8% within the neighbourhood for land area, offering a rare amount of private outdoor space for the area. The home itself, built in 1977, features a renovated basement and a detached garage. Its 1,222 sqft living area is notably spacious compared to other homes on Wynford Drive.
The primary appeal lies in the combination of a large, established lot and a solid, updated foundation in a mature neighbourhood. It’s a property where the land itself represents significant value and potential. The high assessed value relative to the street indicates it is viewed as a premium holding in its immediate context.
This home would suit buyers looking for a ground-level living layout with ample yard space for gardening, recreation, or future expansion. It’s ideal for those who value privacy and room to breathe over a brand-new build, and for investors or homeowners who see the underlying value in a large lot within city limits. The renovated basement also adds immediate functional living space or rental potential.
Frequently Asked Questions
1. Why is the assessed value so much higher than recent sale prices?
The sale prices from 2017 and 2023 appear to be for land value only, likely indicating the previous sale of a teardown or severely distressed property. The current assessed value reflects the worth of the now-renovated home and the valuable lot.
2. How does the house compare in size to others nearby?
While the living area is average for Canterbury Park overall, it is significantly larger (top 9%) than most other homes specifically on Wynford Drive, where comparable homes average under 1,000 sqft.
3. Is the lot size unusual for this area?
Yes. The lot is substantially larger than the average for both the street and the wider Canterbury Park neighbourhood, placing it in the top tier of properties for land area. This is a key distinguishing feature.
4. What does the "Elite" or "Top %" ranking mean for the land?
These rankings are comparative. For land area, "Elite – Top 5%" means this property’s lot is larger than 95% of the 107 comparable properties on Wynford Drive. It signifies a scarce commodity in that local market.
5. The home was built in 1977. Is it older or newer than its neighbours?
On Wynford Drive, it is slightly newer than the street average. However, within the broader Canterbury Park neighbourhood, which has many newer homes, it is older than most (ranking in the top 82%, meaning 82% of homes are newer). City-wide, its age is around the average.