Property Overview: 51 Sherbo Cove, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This home at 51 Sherbo Cove is a well-situated, early-2000s cabover with an attached garage and a renovated basement. Its primary appeal lies in its generous, above-average lot size—nearly 6,912 sqft—which is a standout feature both in the Canterbury Park neighbourhood and citywide. This offers significant outdoor space and potential in a mature area. The house itself, at 1,453 sqft of living space, is functionally sized and aligns with typical dimensions for the city, though it is more modest compared to some immediate neighbours.
The property suits buyers looking for a solid, established home in a quiet crescent setting, where the value is anchored more in the land and location than in expansive square footage. It’s ideal for those who prioritize outdoor space for gardening, play, or future expansion over a large interior footprint. The renovated basement adds modern, flexible living space. The assessed value places it above average for the wider area, suggesting a stable investment in a desirable pocket of Canterbury Park.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a key asset. At 6,912 sqft, it is larger than most homes in Winnipeg and significantly above the average for Canterbury Park, offering more privacy and yard space than many comparable properties.
2. Is the living space smaller than other homes on the street?
Yes, the living area is somewhat below the average for Sherbo Cove itself. However, it is very close to the average size for both the Canterbury Park neighbourhood and the city of Winnipeg as a whole, indicating a efficient, standard layout.
3. What does the "above average" year built ranking mean?
Built in 2003, the home is newer than 84% of all homes in Winnipeg. On its street, it's among the newest, but within Canterbury Park it is around the neighbourhood average. This suggests a good balance of modern construction in an established area.
4. Why is the last sale price from 2019 so different from the assessed value?
The 2019 sale price of $379,000 and the current assessed value of $498,000 reflect different points in time and purposes. The assessment is for taxation and reflects market trends, while the actual sale price will be determined by current market conditions, which have seen significant changes since 2019.
5. Who would this property suit best?
It's an excellent fit for buyers who value a large yard and a quiet, established neighbourhood over a maximized interior size. It would work well for a small family, empty-nesters, or anyone looking for a home with solid fundamentals and the bonus of a renovated basement, where the land itself represents a substantial portion of the property's long-term value.