Property Overview: 11 Peter Sosiak Bay, Canterbury Park, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home, built in 2005, presents a compelling blend of modern convenience and established neighbourhood living. Its key features include a renovated basement and an attached garage. The home sits on a roughly 4,400 sqft lot, offering standard outdoor space for the area. With 1,487 sqft of living space, it provides a practical layout for everyday life.
The appeal lies in its balance. It’s a newer construction relative to much of Winnipeg, which can mean fewer immediate concerns about aging components. The renovated basement adds immediate functional space. From an investment perspective, the home’s assessed value is notably lower than direct neighbours, potentially indicating room for equity growth as updates are recognized, or simply offering a more accessible entry point into a stable neighbourhood.
This property would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready home in a mature area. It’s also a pragmatic choice for value-focused buyers who appreciate a newer build but are comfortable with a property that may have a more modest assessment compared to its street.
Frequently Asked Questions
1. How does the property compare in size to nearby homes?
The living area is comfortably within the average range for both the immediate street and the wider city, offering a standard family layout. The lot size is also typical for Canterbury Park.
2. What does the "Elite" ranking for Year Built mean?
Built in 2005, this home is among the newest on its street (top 4%), which is a significant advantage in an area with many older homes. This often translates to modern building standards and infrastructure.
3. Why is the assessed value ranked "below average" on its own street?
This indicates the municipal assessment is lower than most neighbours. This can be due to many factors, including the specific timing of renovations or differences in lot characteristics. It’s important to review the latest sale price and current market conditions for a complete picture.
4. Is the neighbourhood considered established?
Yes. Canterbury Park is a mature, established neighbourhood in Winnipeg. The mix of home ages suggests a stable, long-developed community with established amenities and landscaping.
5. What was the last sale price, and how does it compare?
The home sold for $420,000 in September 2021. At that time, this price was significantly higher than the assessed value and above the average for the neighbourhood and city, reflecting strong market demand for this type of property at that time.