Property Overview: 62 Bridgecrest Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1976, presents a specific and compelling value proposition. Its key characteristic is a generous 5,498 sqft lot, which is above average for the Canterbury Park neighbourhood. The home itself is modest in size at 845 sqft of living space, but it features a renovated basement, adding functional space, and a detached garage. The assessed value is positioned below average for the immediate area, suggesting a potentially accessible entry point.
The primary appeal lies in the land itself. The lot size offers significant outdoor space and future potential in a mature neighbourhood, a combination that can be hard to find. This property suits practical buyers looking for a solid foundation—perhaps first-time homeowners comfortable with a smaller main-floor footprint who value private outdoor space, or investors/renovators who see the underlying lot value and the opportunity to update or expand the existing structure over time. It’s a home that trades immediate square footage for long-term lot utility.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 845 sqft, the main floor living area is below average for the city and street. However, the renovated basement provides additional finished space, making the total usable area more comfortable. It’s best suited for individuals, couples, or small families.
2. What does the lot size mean for me?
The lot is a standout feature. At nearly 5,500 sqft, it offers ample yard space for gardening, recreation, or pets. It also provides a notable buffer from neighbours compared to newer subdivisions and holds potential for future additions, like a deck, shed, or even a home expansion, subject to zoning.
3. How does the assessed value relate to the likely sale price?
The current assessed value is $33.4k. It’s crucial to understand that municipal assessed value for tax purposes is not a market appraisal. The last sale was $30.1k in 2021. A buyer should always obtain a current market evaluation from a real estate professional to determine a fair offering price.
4. What is the neighbourhood like?
Canterbury Park is a well-established area. The data shows homes on this street are of a similar vintage (1970s), offering a consistent, mature streetscape. The lot size here is notably larger than many in the wider neighbourhood.
5. What are the less obvious considerations?
A home from 1976 will likely require attention to aging components like the roof, windows, or major systems. The renovated basement is a plus, but understanding the scope, permits, and quality of that renovation is important. The detached garage adds utility but may also require maintenance.