256 St Martin Boulevard

Property Summary: 256 St Martin Boulevard, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This is a compact, single-storey home on a standard city lot in the established Canterbury Park neighbourhood. Its key characteristics include a renovated basement, a detached garage, and a 1976 build date that is notably newer than most other homes on its street. The living space is modest at 827 sq ft, positioning it below average for both the immediate area and the wider city.

The primary appeal lies in its efficiency and recent sale price point. It represents a more affordable entry into a mature neighbourhood, suiting first-time buyers or downsizers seeking a lower-maintenance property without a full renovation project. The already-renovated basement is a significant functional advantage, adding usable space. A thoughtful perspective is that while the home ranks below average in size and value metrics within its broader comparisons, its "newer" build date relative to its direct street peers could suggest potentially fewer immediate major upkeep concerns compared to neighbouring houses. It suits a practical buyer who values a turn-key lower level and a manageable footprint over sheer size.

Frequently Asked Questions

1. Is the lot size a disadvantage?
At just over 3,000 sq ft, the lot is smaller than many in Winnipeg but is fairly typical for this specific area of Canterbury Park. It offers manageable outdoor maintenance.

2. What does the "Elite" ranking for Year Built on the street mean?
This indicates that, compared to the 105 homes on St. Martin Boulevard used in the comparison, this 1976 home is among the very newest. This is a relative point specific to this street, which has many older homes.

3. How does the recent sale price relate to the assessed value?
The home sold for $300,000 in July 2024, which is approximately 15% above its $260,000 assessed value. This is not uncommon and reflects current market conditions versus the valuation for tax purposes.

4. Who might this home not suit?
Buyers needing multiple bedrooms or large, open living areas may find the 827 sq ft main floor limiting. Those prioritizing a large yard or above-average investment value growth for the neighbourhood might also look elsewhere.

5. What is the significance of the renovated basement?
In a home with modest main-floor square footage, a finished basement effectively doubles the usable living area. This adds crucial flexibility for a family room, home office, or guest space, making the overall package more functional.