Property Overview: 23 George Reshaur Bay, Canterbury Park
Key Characteristics & Appeal
This two-storey home, built in 2007, presents a practical opportunity in Winnipeg's Canterbury Park neighbourhood. Its primary appeal lies in its modern construction relative to the broader city, as it is newer than approximately 87% of Winnipeg homes. The 1,526 sqft living area is spacious compared to the city average, offering comfortable room for a small family or couple.
The property sits on a 4,175 sqft lot, which is more modest than many in its immediate area but is balanced by lower property taxes, as indicated by its assessed value being below the street average. This creates a value proposition: you get a relatively modern home with manageable ongoing costs. The attached garage and existing (though unrenovated) basement add functional space and future potential.
This home would suit first-time buyers or downsizers seeking a move-in-ready property without the premium price tag of a larger lot. It’s also a sensible fit for value-conscious buyers who prioritize a newer building envelope and interior space over extensive outdoor land, especially within a mature neighbourhood like Canterbury Park.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the property tax bill?
Yes, property taxes are calculated using the assessed value. This home’s assessment is below average for its street, suggesting taxes may be comparatively lower than some neighbours, which is a key part of its affordability.
2. How does the lot size impact this property?
The land area is smaller than most on the street. This means less yard maintenance, which can be a benefit, but also less private outdoor space. It’s a trade-off that contributes to the home’s accessible price point.
3. What does “basement, not renovated” typically imply?
It means the lower level is functional and intact but may have older finishes or be suited for utility and storage rather than formal living space. It represents potential for future customization but may not be a modern recreational area as-is.
4. The home sold for less than its assessed value in 2018. Should I be concerned?
Not necessarily. Sale price is determined by the market at that time, while assessment is for taxation. The 2018 sale likely reflects market conditions then and provides a historical price point, but the current assessed value is the more relevant figure for understanding annual costs.
5. The home ranks well for its age citywide. What’s the advantage?
A 2007 build offers modern construction standards, wiring, and insulation compared to the city’s median home age of 1966. This can mean greater energy efficiency, fewer immediate major repairs, and more contemporary layouts without the premium of a brand-new build.