Property Overview: 220 St Martin Boulevard, Canterbury Park
This one-storey home on a 3,499 sqft lot presents a specific and practical opportunity in Winnipeg’s Canterbury Park neighbourhood. Built in 1976, its key appeal lies in its recent basement renovation and its position as a notably newer build compared to others on its street. With 900 sqft of living space, no garage, and no pool, it is a straightforward, low-maintenance property.
Its primary draw is for value-conscious buyers, such as first-time homeowners or investors, who prioritize a modernized foundation over above-grade square footage. The renovated basement adds flexible living or rental space, which is a significant asset for the price point. The lot size, while below average for the city, is typical for the immediate area, offering manageable outdoor upkeep. The data suggests this home is priced accessibly within its local context, making it a sensible entry into the market rather than a premium offering. It would suit a buyer looking for a functional starter home or a rental property, who is comfortable with a smaller main-floor footprint and values the potential of a finished basement.
Frequently Asked Questions
1. Is the basement renovation a full legal suite?
The listing notes a renovated basement, but you must verify with the city and a professional inspector if it meets all code requirements for a legal secondary suite or rental unit.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Prospective buyers should assess on-street parking availability and consider the cost of adding a shed or alternative storage solutions.
3. The assessed value seems low. What does this mean for property taxes?
Yes, the assessed value is below area averages. This typically results in proportionally lower municipal property taxes, which is a practical financial advantage.
4. The home is newer than others on the street. What are the implications?
Being built in 1976 makes it one of the newest homes on the block. This can suggest updated core components (like wiring or plumbing) compared to older neighbours, potentially reducing immediate repair costs.
5. What is the neighbourhood character of Canterbury Park?
Canterbury Park features a mix of older and newer homes. This property’s metrics suggest it fits the more modest, established end of the spectrum—a quiet, no-frills residential area rather than a high-amenity subdivision.