Property Overview
This 1996 bi-level home at 249 George Marshall Way in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in its balance of a relatively modern build year and a renovated basement, set against a smaller, manageable scale. The home sits on a compact 3,150 sqft lot with 893 sqft of living space, positioning it below average in size for its street, neighborhood, and city. However, its 1996 construction date is newer than most comparable homes locally. The property last sold in 2020 for $270,000, with a current assessed value of $320,000.
This home would suit first-time buyers or downsizers seeking a low-maintenance property without the concerns of an older foundation or major systems. It’s a pragmatic choice for those who prioritize a modernized, functional space over square footage and who see the value in a home that is newer than many of its peers, even if the footprint is modest. The renovated basement adds valuable flexible space, compensating for the cozier main living area.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the lot is smaller than average, it translates to less yard maintenance—a potential benefit for buyers seeking a low-upkeep property. The trade-off is limited private outdoor space.
2. How does the 1996 build year affect the home?
A build year newer than most in the area is a positive, suggesting potentially fewer age-related issues with the foundation, wiring, or plumbing compared to the city’s older housing stock.
3. Who might find the living area too small?
The living area is below average. It may feel cramped for a growing family or those who regularly entertain larger groups, but it could be efficient for individuals, couples, or empty-nesters.
4. Why is the assessed value higher than the 2020 sale price?
The increase from the $270,000 sale price to the $320,000 assessment likely reflects market-wide appreciation and the value of the basement renovation. It’s important to note that assessed value is for taxation and may differ from current market value.
5. What is the significance of having no garage?
The lack of a garage means all parking is on-street or on the driveway. Buyers should consider vehicle storage, winter plug-ins, and personal storage needs, as the basement may need to accommodate items typically stored in a garage.