Property Overview: 31 George Reshaur Bay, Canterbury Park
Key Characteristics & Appeal
This two-storey home in Canterbury Park presents a balanced and modern offering. Built in 2006, it sits on a nearly 5,000 sqft lot with a renovated basement and an attached garage. The 1,655 sqft living area is notably above average for both the neighbourhood and the city, providing ample space. Its appeal lies in its strong positional value: while it ranks around average on its own street for most metrics, it consistently performs above average when compared to the wider Canterbury Park area and the city of Winnipeg as a whole. This suggests you get the feel of a well-established street while owning a property that stands out favourably in the broader market. The renovated basement adds immediate functional living space without the need for a project.
This home would suit practical buyers looking for a move-in-ready property in a mature neighbourhood, particularly those who value space and a modern build year relative to the city's older housing stock. It’s a solid choice for growing families or professionals seeking a home that offers both comfort and a sound, above-average investment profile within its community.
Frequently Asked Questions
1. How does this property truly compare to others in the area?
The data shows a clear trend: while it blends in on its specific street, it outperforms most homes in the wider Canterbury Park neighbourhood and across Winnipeg in key areas like living space, assessed value, and modern build year.
2. What does the "above average" assessed value indicate?
A higher assessed value relative to peers often reflects desirable attributes like the renovated basement, lot size, and living area. It generally signals a stronger intrinsic value, which can be positive for long-term equity, though it's also a factor in property tax calculations.
3. The home sold for $490k in 2021. What context is important?
The 2021 sale occurred during a peak market period. The current assessed value is a separate municipal valuation for taxation. A buyer should consider recent comparable sales and current market conditions, not just these two figures in isolation.
4. Is the lot size a pro or con?
At just under 5,000 sqft, the lot is very typical for the street and neighbourhood. It offers ample backyard space for a family without the extensive maintenance of a much larger lot, striking a practical balance.
5. What is the significance of the 2006 build year?
Built 20 years ago, this home is newer than approximately 86% of Winnipeg's housing stock. This typically means more modern construction standards, wiring, and plumbing, potentially reducing the need for major near-term updates compared to much older homes.