Property Overview & Key Characteristics
This one-storey home at 58 Northcliffe Drive in Canterbury Park is a compact, no-frills property built in 1981. Its primary appeal lies in its affordability and practicality. With 860 square feet of living space and a renovated basement, it offers a straightforward living solution. The lot size of 2,500 sqft is modest, especially compared to area averages, which translates to minimal exterior maintenance. Recent sale prices and the current assessed value are notably below average for the street, neighbourhood, and city, positioning it as an accessible entry point into the Winnipeg market.
This home would suit first-time buyers or investors seeking a low-cost foothold. Its size and simplicity also make it a potential fit for downsizers looking to reduce expenses and upkeep. A thoughtful perspective is that its below-average metrics across the board—from lot size to assessed value—are actually its defining feature, offering a clear, uncomplicated proposition without the premium for extra space or newer construction.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessed value is consistently below averages for the area, which primarily reflects the home's modest size and older age. This is a key factor in its affordability and lower property taxes.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the permits, finish quality, and whether it includes a separate entrance or additional living spaces like a bedroom or bathroom.
3. How does the lack of a garage affect daily living?
The property has no garage. This means relying on driveway parking or street parking, which should be considered for vehicle security and convenience during Winnipeg winters.
4. The home seems smaller than others on the street. Is that a problem?
The living area is below the street average. This is a trade-off for the lower price. It’s ideal for those who prioritize efficient, cozy living over spaciousness, but growing families may find it tight.
5. Why have sale prices been so stable?
The home sold for $24.5k in 2019 and $22.5k in 2017. This price stability, in a market where many properties appreciate, underscores its role as a consistent, value-based option rather than a speculative investment, appealing to those seeking cost predictability.