Property Overview: 86 Northcliffe Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1981, presents a practical opportunity in Winnipeg's Canterbury Park neighbourhood. Its primary appeal lies in its balance of space and value. With 1,200 sqft of living area, the home offers above-average interior space for its immediate street and is competitively sized within the wider neighbourhood. A key feature is the renovated basement, adding functional living space.
The property’s standout characteristic is its land size. The lot is 2,499 sqft, which is notably smaller than area averages. This translates to lower maintenance—a significant advantage for those seeking a manageable yard without the upkeep of a larger plot. The home last sold in 2016 for $240k and carries a relatively low assessed value, suggesting a potentially accessible entry point into the market.
This property would best suit first-time buyers or downsizers looking for a comfortable, renovated interior space without the burden of extensive outdoor maintenance. It’s a pragmatic choice for someone prioritizing living space over land size, and who sees value in a home that is financially efficient both in potential purchase price and ongoing property taxes.
Section 2: Frequently Asked Questions
1. Is the small lot size a disadvantage?
It depends on your lifestyle. While it offers less private outdoor space, it significantly reduces yard work and maintenance time and costs. For many, this is a desirable trade-off.
2. How does the assessed value relate to the likely selling price?
The assessed value ($29.7k) is for municipal tax purposes only and is typically far below market value. The 2016 sale at $240k is a more relevant, though dated, benchmark. A current market appraisal would be essential.
3. What does "renovated basement" typically mean for a home of this age?
In a 1981 home, a renovated basement often includes modernized finishes, but it's crucial to verify the quality, permits, and whether it addresses foundational elements like insulation, moisture control, and ceiling height.
4. The home ranks low for assessed value on its street. Is that a concern?
Not necessarily. This generally indicates lower property taxes compared to neighbours, which is a positive. It often reflects the home’s smaller lot and modest characteristics rather than condition.
5. There's no garage. How is parking?
The listing notes no garage. Prospective buyers should investigate on-street parking regulations, driveway potential, and typical winter parking availability in the area.