Property Overview: 378 Redonda Street, 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—one of its strongest assets. With 5,828 sqft of land, the property offers more outdoor space than most in its immediate area and neighbourhood, presenting excellent potential for gardening, expansion, or simply enjoying a larger yard. The home itself is a modest 936 sqft bungalow built in 1975, featuring a renovated basement and a detached garage. Its assessed value is positioned solidly in the middle range for the city, suggesting a stable and established valuation.
The primary appeal lies in this balance of a sizable, valuable lot with a manageable and updated living space. It suits practical buyers looking for a solid footprint in a mature neighbourhood without the upkeep of a very large house. It would be an ideal fit for first-time homeowners, downsizers seeking single-level living with a nice yard, or investors attracted by the land value and the renovated basement, which could support a rental suite (subject to zoning and regulations). A less obvious perspective is that a home of this vintage on a large lot may offer more straightforward renovation or expansion opportunities compared to newer homes on tighter lots, allowing a buyer to add value over time.
Section 2: Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The land area is in the top 17% for both the street and the broader Canterbury Park neighbourhood, meaning you are getting more outdoor space than most comparable properties. This is a lasting asset.
2. How does the home’s size and age compare?
The living area is compact and below the neighbourhood average, while the year built (1975) is older than most in Canterbury Park but typical for Winnipeg overall. The appeal is in the efficient use of space on a large lot, with the renovated basement adding functional square footage.
3. What does the assessed value tell me?
The assessed value is around average for the city and slightly below average for the neighbourhood. This can indicate a stable property tax base and may suggest the price is influenced more by the land value and the home’s functional condition than by luxurious finishes or size.
4. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with extensive above-ground square footage, or those who prefer a brand-new build. The charm and potential here are rooted in the lot and the solid foundation of an established home.
5. Are the recent sales comparisons relevant?
The provided comparable sales from 2017 are quite dated for direct price guidance in today’s market. They are more useful for understanding the property’s historical context and confirming that it’s in a stable, established area. A current market evaluation is essential.