Property Overview: 52 Craglea Corner, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This 1983-built, one-storey home in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is a renovated basement, adding valuable finished space to the 890 sqft main living area. The property sits on a 2,999 sqft lot, which is notably above average for its immediate street, offering more outdoor space than many of its direct neighbours.
The primary appeal lies in its value proposition. With a historically low assessed value and sale price, it stands out as one of the most affordable options on its street and within the wider Canterbury Park area. This makes it particularly suited for first-time buyers, investors seeking a rental property, or downsizers looking for a manageable, single-level layout without a premium price tag. The detached garage adds functional utility.
A thoughtful perspective: while the home’s living area is modest compared to the broader neighbourhood and city, its lot size is a relative strength on its street. This suggests potential for future expansion or gardening space that neighbouring properties may lack. It’s a property that prioritizes land and basement potential over above-grade square footage.
Frequently Asked Questions
1. Is this a small house?
Yes, the above-ground living area is 890 sqft, which is below average for both the Canterbury Park neighbourhood and Winnipeg overall. However, the renovated basement provides additional finished space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's age, size, and specific market conditions in its immediate area. This property’s value is consistently below average for its street, neighbourhood, and city, indicating it is priced as an affordable option within its market.
3. What does the lot size ranking mean?
The 2,999 sqft lot is in the top 15% for size on Craglea Corner itself, meaning it's larger than most direct neighbours. However, compared to all of Canterbury Park and Winnipeg, the lot size is below average.
4. Who might this property not suit?
It may not suit buyers looking for a large, modern home with substantial above-ground square footage, or those wanting a brand-new build. The layout and size are best for those with simpler space needs.
5. How does the year built affect this home?
Built in 1983, it is newer than many homes on its street but older than the average home in the Canterbury Park neighbourhood. Buyers should consider the age of major systems like roof, windows, and HVAC, even with a renovated basement.