28 Peter Sosiak Bay

Property Summary: 28 Peter Sosiak Bay, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2005, presents a compelling mix of modern convenience and value-oriented positioning within the established Canterbury Park neighbourhood. Its key appeal lies in its balance: it’s a newer construction on its street, offering a renovated basement and attached garage, while its land and living space are configured for practical, low-maintenance living.

The data reveals a nuanced picture. The home is notably newer than most in Winnipeg, ranking in the top 15% citywide for year built, which suggests updated building standards and potentially lower immediate repair costs. However, the lot size is more compact compared to immediate neighbours, placing it in the 98th percentile (rank 47 of 48) on its own street. This isn’t necessarily a drawback; it translates to less yard upkeep, making it suitable for buyers seeking a manageable outdoor space. With 1,487 sqft of living area, the home provides ample room for a small family, couple, or empty-nesters, fitting comfortably within the averages for both the neighbourhood and city.

The 2020 sale price and current assessed value indicate a historically accessible price point for the area. This combination suits value-conscious buyers who prioritize a modern home age and a renovated basement over having the largest lot on the block. It’s ideal for those looking to enter the Canterbury Park area with a home that requires less immediate updating, or for anyone seeking a efficient property footprint without sacrificing interior updates.

Frequently Asked Questions

1. Is the lot size a significant limitation?
While the land area is below average for Peter Sosiak Bay, it is around the citywide average. This typically means a smaller, more manageable yard—a benefit for those who prefer less maintenance—but may limit extensive landscaping or expansion plans.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection or inquiry with the seller is essential to determine the finishes, legal compliance, and the quality of the renovation work.

3. How does the assessed value relate to the likely sale price?
The assessed value ($45.20k) is for municipal tax purposes and is typically much lower than market value, as seen in the 2020 sale price of $34.80k. Current market value will be determined by recent sales, condition, and demand, and will be significantly higher than these figures.

4. The home is newer, but how does its living space compare?
At 1,487 sqft, it offers slightly more space than the average Winnipeg home and is reasonably sized for the neighbourhood. It provides a practical layout for everyday living without the excess square footage that increases costs and upkeep.

5. Who are the typical neighbours, given the mix of lot sizes on the street?
The street has a variety of lot sizes, with this home on the more compact end. This often attracts a mix of young families, professionals, and downsizers, creating a neighbourhood with diverse needs but a shared interest in a stable, established community like Canterbury Park.