Section 1: Property Overview
This well-situated Canterbury Park bungalow presents a practical and comfortable living option. Its key characteristics include a renovated basement, an attached garage, and a manageable 1,072 sqft of living space on a standard 4,200 sqft lot. Built in 1992, the home is newer than many across Winnipeg, offering modern construction basics without the premium of a brand-new build.
The appeal lies in its balance and established setting. The home sits on a quiet street where it is consistently above or around average for its immediate area in terms of lot size, age, and assessed value. This suggests a stable, in-demand location within the neighbourhood. The renovated basement adds valuable flexible space, making the home feel larger than its square footage implies. A thoughtful perspective is that this property represents a "goldilocks" scenario—it’s not the largest or newest, but it avoids the extremes, positioning it as a sensible and lower-risk choice in its market segment.
This home would ideally suit first-time buyers seeking a move-in-ready starter home with upgrade potential, downsizers looking for single-level living without sacrificing a full-sized lot, or pragmatic investors attracted by its solid fundamentals and appeal to a broad tenant base.
Section 2: Frequently Asked Questions
Q: How does this home compare to others in the area?
A: The data shows it consistently performs well on its own street, ranking above average for its assessed value and year built. Within the wider Canterbury Park neighbourhood, it is solidly average to above-average across key metrics, indicating it’s a competitive property in a stable area.
Q: Is the lot size a pro or a con?
A: It depends on your priorities. At 4,200 sqft, the lot is very typical for the street and neighbourhood, requiring less maintenance than a larger property. For buyers wanting extensive gardening or expansive outdoor space, it may feel standard. For those seeking low upkeep, it’s a definite advantage.
Q: The assessed value seems low. What does that mean?
A: The assessed value ( $41.30k ) is for municipal tax purposes only and is not an indicator of market value. The home last sold for $430k in 2022, which is a more relevant figure. Its assessed value ranking highly on the street suggests the city views it favorably compared to its direct neighbours.
Q: What is the significance of the home being built in 1992?
A: Built 34 years ago, this home benefits from modern standards in wiring and insulation compared to much older stock, yet it’s old enough to be in a mature, established neighbourhood with grown trees and settled infrastructure. It often represents a "sweet spot" before some of the cost-cutting practices of later building booms.
Q: Who might this home not suit?
A: It may not suit buyers seeking a large, open-concept layout, as the living area is modest and typical of its era. Families requiring multiple large bedrooms or dedicated home office spaces might find the main-floor footprint limiting without utilizing the basement. Those prioritizing a premium, turn-key renovation or a brand-new build should look elsewhere.