Property Overview: 285 George Marshall Way, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Canterbury Park is defined by its generous, above-average lot size within its immediate neighbourhood. Built in 1991, the house features a renovated basement and a detached garage. With just under 1,000 sqft of living space, the home is compact and manageable, positioning it as an efficient and low-maintenance footprint on a desirable piece of land.
The primary appeal lies in its land value and location-specific metrics. The lot is notably larger than most on its street and in Canterbury Park, offering potential for outdoor enjoyment, gardening, or future expansion. Recent sale data suggests the property may present a value opportunity within its micro-area. It suits first-time buyers seeking an entry point into a stable neighbourhood, practical downsizers looking for a manageable home without sacrificing yard space, or value-oriented investors attracted by the renovated basement’s income potential and the underlying land value.
A less obvious perspective is that this property represents a specific market segment: homes where the land proportion is a significant driver of value relative to the living space. It appeals to those who prioritize outdoor privacy and potential over expansive interior square footage.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
At 4,552 sqft, the lot ranks in the top 29% on its own street, meaning it is substantially larger than many direct neighbours, offering more private outdoor space.
2. Is the living area suitable for a family?
With 996 sqft, the living area is below the neighbourhood average. It would best suit a small family, a couple, or an individual. The renovated basement provides crucial additional flexible space.
3. What does the recent sale price indicate?
The August 2024 sale price of $42.6k was well above the street average for that period. This typically indicates a strong, competitive purchase for the specific property attributes, likely reflecting the value seen in the lot and renovations.
4. How does the home’s age affect it?
Built in 1991, the home is newer than the Winnipeg city average but typical for its area. Buyers can expect modern construction standards while still budgeting for the maintenance and updates common for a 35-year-old property.
5. Who might this property not suit?
It may not be ideal for those seeking a large, modern interior without renovation projects, or for buyers who prioritize a home with interior square footage well above the neighbourhood average. The value here is weighted toward the land and location.