Property Overview
This one-storey home at 269 George Marshall Way in Canterbury Park is a practical and well-situated property. Built in 1993, it is newer than many homes in Winnipeg overall. The lot size is fairly typical for its street and neighbourhood, offering a standard suburban yard. With 1,024 sqft of living space, the home is more compact compared to many in the wider area, suggesting efficient use of space. A key feature is its renovated basement, which adds valuable finished living area. The home does not have a garage or pool.
Its primary appeal lies in its move-in readiness, thanks to the basement renovation, and its position in a stable, established neighbourhood. The property represents a more affordable entry point into homeownership in Winnipeg, as evidenced by its below-average assessed value for the area. It last sold in 2022 for $400,000.
This home would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout without the premium price tag of a larger or newer property. It’s a sensible choice for someone who values a renovated interior and a standard lot over extra square footage or additional amenities like a garage.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 4,257 sqft is very close to the average for both George Marshall Way and the broader Canterbury Park neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A viewing or inquiry with the seller is necessary to understand the full scope and quality of the renovation.
3. Is the lack of a garage a significant drawback?
This depends on the buyer's needs. For some, it simplifies exterior maintenance. For others, it means relying on driveway parking and finding alternative storage solutions, which is a common trade-off for homes in this price range.
4. The home sold for $400k in 2022, but the assessed value is much lower. Why?
Municipal assessed value for property tax purposes is not the same as market value. Assessments are based on mass appraisal techniques and can lag behind rapid market shifts, like those seen around the 2022 sale.
5. The living area is noted as "below average" for the neighbourhood. How impactful is that?
While the home has less above-ground square footage than many Canterbury Park homes, the renovated basement functionally expands the living space. Buyers should consider the total usable area, not just the main floor measurement.