Property Overview: 426 Redonda Street, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home on a generous lot in Canterbury Park. Built in 1974, its primary appeal lies in its established neighbourhood setting and significant outdoor space. The 5,498 sqft lot size is notably above average for both the immediate street and the Canterbury Park area, offering ample room for gardening, play, or expansion. Key features include a renovated basement and a detached garage.
The home’s living space (960 sqft) is modest and below the neighbourhood average, suggesting a more efficient, manageable footprint. This, combined with its below-average assessed value for the area, positions it as a practical entry point into the neighbourhood. It would suit first-time buyers or downsizers seeking a low-maintenance house with a large yard, or an investor looking for a property with solid land value in a mature community. A thoughtful perspective is that an older home on a large lot in a settled area often presents a balance of immediate affordability and long-term potential, whether for personal enjoyment or future value appreciation.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The property’s land area is in the top 22% for Canterbury Park, meaning you’re getting more outdoor space than most homes in the neighbourhood. This is a key asset for privacy, recreation, or future projects.
2. How does the home’s age affect things?
Built in 1974, it is older than most homes on its street and in Canterbury Park. Buyers should budget for expected maintenance and updates common to houses of this era, but can also appreciate the character and mature landscaping of an established property.
3. The living area seems smaller than average. What should I consider?
The 960 sqft living area is efficient. The renovated basement likely provides additional functional space. This layout suits those looking to minimize unused space and associated costs, but families may need to assess if the main-floor footprint meets their needs.
4. What does the assessed value tell me?
The assessed value is below the average for Canterbury Park. This can indicate a more affordable purchase price relative to the area, but it’s essential to understand why—often tied to the home’s age, size, and condition—and to compare it with current market sale prices.
5. Are there any recent sales history details?
The home sold previously in August 2019 for $270,000. This provides a historical benchmark, but the current market value will be determined by recent comparable sales, condition updates since then, and current market conditions.