Property Overview: 62 Northcliffe Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1981, presents a practical opportunity in the Canterbury Park neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,200 sqft living area. The home sits on a modest, manageable lot with a detached garage.
The primary appeal lies in its positioning as a relatively affordable entry point into a stable neighbourhood. The living space is notably above average for its immediate street, suggesting a comfortable interior size compared to direct neighbours. The renovated basement is a significant functional upgrade, offering flexibility for recreation, home office, or guest space without immediate project work.
This property would best suit first-time buyers or practical downsizers seeking a move-in-ready foundation with some modern updates. It’s for those who prioritize interior space and condition over a large yard or a newer build. The data suggests a home that offers more inside relative to its local peers, making it a shrewd choice for value-focused buyers comfortable with a home from the early 1980s.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area is below average for Canterbury Park and the city. This means less yard maintenance but also less private outdoor space, which is a typical trade-off for homes in this price range in established neighbourhoods.
2. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value is for tax purposes. Notably, the last recorded sale in 2019 was significantly lower than the current assessed value, highlighting how market conditions and property improvements can create a wide gap.
3. What does the "above average" living area ranking on the street mean?
While the home’s overall footprint is modest city-wide, it offers more interior space than most comparable homes on Northcliffe Drive itself. This indicates you’re likely getting a bit more house for the street, which can be an advantage.
4. Are homes from 1981 a concern?
The year built is around average for the street but below average for the neighbourhood. While major components like the roof and windows may be due for inspection or replacement given the age, the renovated basement suggests some key systems have been addressed.
5. How should I interpret the sale price history?
The 2019 sale price is a historical data point in a different market. It primarily confirms the property has changed hands relatively recently. Your offer should be based on a current appraisal and recent sales of comparable homes, not this past figure.