Property Overview: 46 Tunbridge Bay, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated bungalow at 46 Tunbridge Bay offers a practical and grounded opportunity in the Canterbury Park neighbourhood. Its key appeal lies in a combination of a generous, above-average lot size and a home with solid, updated fundamentals. The 5,499 sqft lot is notably larger than most in the immediate area and neighbourhood, providing valuable outdoor space and potential. The home itself, built in 1975, is among the newer residences on its street, suggesting potentially fewer age-related concerns than nearby peers. A renovated basement adds functional living space, complementing the 988 sqft main floor of this one-storey layout.
The property suits buyers looking for a manageable, single-level living setup with room to grow outdoors, whether for gardening, recreation, or future expansion. It’s a strong fit for first-time buyers, downsizers, or investors seeking a character home with a mature streetscape. The assessed value is consistent with area averages, and its last sale price in late 2021 positions it as a potentially more accessible entry point into a stable neighbourhood. A thoughtful perspective is that this home represents a “blank canvas” on a premium lot; its value may be less about high-end finishes and more about the underlying asset—the land and the solid, updated structure—offering a foundation for personalization or long-term equity growth.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 5,400 sqft, which is in the top 23% on Tunbridge Bay itself. This means you’re getting significantly more yard space than many direct neighbours, a notable advantage in an established area.
2. Is the living area too small?
At 988 sqft on the main floor, it’s modest. However, the presence of a renovated basement effectively doubles the functional living space, making the overall footprint more comfortable for a small household or couple.
3. What does the "newer" build year mean for a 1975 home?
While 1975 isn’t new, it’s in the top 6% for age on this street. This indicates most houses nearby are older, so this home may have benefited from slightly newer construction standards and materials for its area.
4. How does the 2021 sale price relate to today’s value?
The home sold for $320,000 in December 2021. The current assessed value is $350,000. This suggests the market and assessor see stable or slightly appreciating value, but a buyer’s due diligence should focus on current market conditions.
5. Who typically lives in Canterbury Park?
Canterbury Park is an established, mature neighbourhood with a mix of long-time residents and younger families. It offers a quiet, residential feel with good access to major routes, schools, and local amenities, appealing to those seeking community stability.