Property Overview & Key Characteristics
This bi-level home at 338 George Marshall Way in Canterbury Park is a practical and well-situated property. Built in 1990, it features a renovated basement and a detached garage on a 3,741 sqft lot. With 960 sqft of living space, it offers a compact and efficient layout.
Its primary appeal lies in its solid positioning within a mature neighbourhood. The data shows the home is consistently "around average" for its immediate street and area in terms of year built, land size, and assessed value, suggesting it fits comfortably within its community without standing out for extremes. The renovated basement adds modern livable space, a key update for a home of this age. A thoughtful perspective is that this property represents a stable, known quantity in the market—it's not the newest or largest, but it avoids the premium prices and potential surprises of older city-wide averages or the maintenance demands of a much newer build.
This home would suit first-time buyers or downsizers looking for an established neighbourhood without a premium price tag. It’s also a sensible match for value-oriented buyers who prioritize a move-in ready basement and a manageable yard over sheer size, and who appreciate a home that aligns with the norms of its specific area.
Frequently Asked Questions
1. How does the property's size compare to the area?
The living area is below the average for both Canterbury Park and Winnipeg overall, making it a more compact home. However, its lot size is around average for the immediate street, offering decent outdoor space relative to nearby houses.
2. What does the "around average" assessed value indicate?
It suggests the property is valued consistently with similar homes on its street and in the wider neighbourhood. This can indicate stability and fair market positioning, rather than being over- or under-valued relative to its direct peers.
3. The home sold in 2020 for less than its current assessed value. Should I be concerned?
Not necessarily. The 2020 sale price is a historical data point, and market conditions, updates (like the basement renovation), and general property value trends have likely shifted since then. The current assessment is intended to reflect its present market value.
4. Is a 1990-built home considered old?
In the context of Winnipeg, a 1990 build is actually above the city-wide average, meaning it's newer than many homes. On its specific street and in Canterbury Park, it's very close to the average age, so it's a typical home for that specific community.
5. What are the pros and cons of a bi-level design?
Pros often include defined separation between living and sleeping areas, with potentially lower heating costs. Cons can include having to navigate stairs immediately upon entry. The renovated basement in this home likely enhances the usable space of this classic layout.