Property Overview & Key Characteristics
This bi-level home at 253 George Marshall Way in Canterbury Park is a practical property with a clear value proposition. Its key appeal lies in its relative newness and a renovated basement, set against a modest footprint. Built in 1997, it is notably newer than most homes on its street and across Winnipeg, suggesting potentially fewer major maintenance concerns in the near term. The living space of 968 sqft is compact, positioning it as an affordable entry point into the market.
The property would best suit first-time buyers, downsizers, or investors seeking a manageable, low-maintenance home. Its below-average land size and living area translate to a lower assessed value, making it a financially accessible option. A thoughtful perspective is that while the home ranks below average in size locally, its newer construction age offers a modern advantage not reflected in square footage. The renovated basement adds functional living space, which is a significant asset in a smaller home.
Frequently Asked Questions
1. What are the property taxes likely to be?
Taxes are based on the assessed value, which is currently $34,800. You can use the City of Winnipeg's tax calculator with this figure for an accurate estimate.
2. Is there potential for future expansion or a garage addition?
The lot is smaller than average for the area (3,150 sqft), so any expansion or addition would require careful planning and verification with city zoning bylaws regarding setbacks and coverage limits.
3. The sale history shows a significant price drop between 2020 and 2022. What does this indicate?
This typically reflects a change in what was being sold. The higher 2020 sale likely included the house, while the 2022 transaction at $33,700 may have been for the land only, a family transfer, or another non-arms-length sale, and is not indicative of a market decline. Always consult with a real estate professional for context.
4. What are the advantages of a bi-level design?
Bi-levels often provide good separation of living and sleeping areas, with the main entry leading to a short staircase. The renovated basement can offer a distinct space for a family room, home office, or guest area, adding to the livable square footage.
5. How does the lack of a garage affect resale and daily living?
While it keeps the purchase price lower, it means relying on street parking or adding a shed for storage. For many buyers in this price segment, it's a accepted trade-off for affordability, but it's a key factor to consider for vehicle protection and storage needs.