Property Overview: 18 Northcliffe Drive, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This 1980-built, 860 sqft 3-level split home sits on a 2,639 sqft lot in Canterbury Park. Its key characteristic is its renovated basement, adding valuable modernized living space. The home’s primary appeal lies in its position as a more accessible entry point within its immediate area. While its living space and lot size are below the averages for both the street and the neighbourhood, this is reflected in its assessed value, which is around the city-wide average but below average for Canterbury Park itself. This creates an opportunity for buyers seeking a foothold in this area at a relatively lower price point.
The property would suit first-time buyers, downsizers, or practical investors looking for a home with recent updates (the basement) in an established neighbourhood without the premium price tag of larger lots or newer builds. A thoughtful perspective is that while the home ranks below average on size metrics for the locale, its recent sale history shows steady price appreciation, suggesting it is perceived as a value proposition in a desirable setting. The compact lot also implies lower maintenance, which can be a hidden benefit.
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 permitted use with the city.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means relying on street parking and necessitates creative storage solutions, which is a common trade-off for older homes in established neighbourhoods.
3. The home seems small compared to neighbours. Is it a good value?
While below area averages in size, the assessed and recent sale values are also proportionally lower. Its value is in offering renovated space in the location, potentially at a more manageable cost and upkeep than larger homes on the street.
4. What do the sale history trends indicate?
The home has sold three times in recent years (2019, 2020, 2023), each time at a higher price. This indicates consistent demand and appreciation in its market segment, despite its smaller footprint.
5. Are the property taxes likely to be lower due to the below-average assessment?
Generally, yes. With an assessed value below the neighbourhood average, the municipal tax burden should be comparatively lower than for larger, higher-valued homes in Canterbury Park, though other tax factors also apply.