Property Overview: 52 Zawaly Bay, Canterbury Park
Key Characteristics & Buyer Appeal
This one-storey home in Canterbury Park is defined by its practicality and position within a well-established neighbourhood. Built in 1991, it is notably newer than many Winnipeg homes, offering modern construction fundamentals. The key features include a renovated basement and a detached garage. With 890 sqft of living space, it is a compact bungalow, making it efficient and manageable.
The appeal lies in its turn-key readiness and lower maintenance footprint. The renovated basement adds valuable finished space, effectively increasing the usable area without increasing the property's official living area metrics. While the lot size is below average for the street and city, this translates to less yard work, a significant plus for those seeking ease.
This property would ideally suit first-time buyers, downsizers, or pragmatic investors. It represents an affordable entry into a stable neighbourhood without the burden of a major renovation. The data suggests it’s a solid, average-value home for its immediate area, not over-improved, making it a sensible and grounded purchase rather than a premium showcase home.
Frequently Asked Questions
1. Is the living space too small?
At 890 sqft, the main floor living area is compact. However, the renovated basement provides additional finished space, effectively creating a more functional total living environment than the official square footage implies.
2. How does the lot size impact the property?
The lot is smaller than average for the street and city. This is a trade-off: it means less private outdoor space but also significantly reduced yard maintenance and lower property tax assessments relative to larger lots.
3. What does the assessed value tell me?
The assessed value is consistently around the average for the immediate area. This indicates the property is not an outlier, suggesting pricing should be in line with neighbourhood norms and not subject to unusual valuation premiums or discounts.
4. The home was last sold in 2018. What should I consider?
Since the sale in 2018, the basement has been renovated. This is a key update that adds value. Buyers should focus on the condition of other major systems (roof, HVAC) typical of a 35-year-old home, as the interior has seen recent improvement.
5. Who are the typical neighbours?
The nearby properties are of similar style and vintage, with very consistent assessed values. This indicates a neighbourhood of uniform character and stability, not in transition, which can be positive for maintaining value but may mean fewer contemporary-style homes.