Property Overview: 8 Hiley Bay, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2012, presents a compelling mix of modern construction and established neighbourhood character. Its primary appeal lies in its relative newness compared to most Winnipeg homes, offering contemporary building standards without being in a brand-new subdivision. With 1,527 sqft of living space, an attached garage, and a full (though unrenovated) basement, it provides a solid foundation for family living.
The property’s standout characteristic is its land. While the 4,176 sqft lot is below average for the city, it is actually the smallest on Hiley Bay itself. This creates a unique dynamic: you own a newer home on a street of larger, more mature properties, which can be appealing for those seeking lower maintenance without sacrificing the prestige of the street. The assessed value sits comfortably around the neighbourhood average, suggesting a fair entry point into the Canterbury Park area.
This home would suit first-time buyers or young families looking for a move-in-ready, modern house in a stable neighbourhood. It’s also a practical choice for downsizers from larger homes who still want a two-storey layout and a garage but prefer a more manageable yard. The unrenovated basement represents both a cost-saving on the purchase price and a clear opportunity for future customization to add value and space.
Frequently Asked Questions
1. Is the property tax burden high given the assessed value?
The assessed value is around the neighbourhood average and well above the citywide average, so property taxes will reflect that. However, for Canterbury Park, the taxes are typical, and you’re paying for the services and amenities of the established area.
2. How does having the smallest lot on the street impact the property?
While it means less private outdoor space than your neighbours, it also translates to less yard work and lower landscaping costs. It positions the home as a more efficient, low-maintenance option on a desirable street.
3. The home was built in 2012. Are there any major components nearing the end of their lifespan?
A 12-year-old home is still quite modern. Major systems like the roof, furnace, and windows are likely in good condition but should be inspected for their remaining service life, as they will be approaching the period where replacements may be considered in the coming years.
4. What does “basement, not renovated” typically mean for a home of this age?
It most likely means the basement is unfinished or only partially finished with basic amenities. For a 2012 build, the foundation and core structure will be sound, offering a clean, dry slate for future development to suit your needs.
5. How does the sale history (last sold in 2021) influence the current value?
The sale in 2021 provides a recent market benchmark, which is useful. The current assessed value is very close to that last sale price, suggesting stable value in the area. Market conditions since 2021 will be the primary driver of the current listing price.