Property Overview: 12 Craglea Corner, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1984, presents a compelling opportunity centered on its above-average lot size and recent updates. Its primary appeal lies in the combination of a renovated basement and a generous, private 3,900 sqft lot that ranks in the top 9% for size on its own street. This creates excellent potential for outdoor living, gardening, or future expansion.
While the 1,200 sqft living area is comfortable and larger than many immediate neighbors, the home’s assessed value sits below the averages for both the Canterbury Park neighborhood and the wider city. This suggests a property that may offer more house and land for your dollar in this area, especially for those who value space over sheer square footage. It would suit first-time buyers or downsizers looking for a manageable home with a premium lot, or value-oriented buyers who see potential in a solidly built 1980s home with a key renovation already completed. A thoughtful perspective is that this property represents a "land play" in an established area—the lot itself is a significant asset that outperforms local norms, offering a rarity that new subdivisions often can't match.
Section 2: Frequently Asked Questions
Q: How does the lot size compare practically?
A: At 3,900 sqft, the lot is notably larger than most on the street (top 9%), offering more backyard privacy and space than many properties in this price range.
Q: What does "renovated basement" typically mean here?
A: While specifics should be verified, in a 1984 home this usually indicates updated finishes and likely includes a legal secondary suite or a strong potential to create one, adding rental income potential.
Q: The home sold for $260k in 2019 but is now assessed at $320k. Why the jump?
A: The assessment increase likely reflects strong market appreciation and the value added by the basement renovation. It's important to get a current market evaluation, as assessed value is for taxation, not necessarily sale price.
Q: There's no garage. Is that common?
A: In this older neighborhood, it's not uncommon. The large lot does provide ample space to add a detached garage or carport, subject to local bylaws.
Q: The Year Built is listed as "Elite" on the street but "below average" for the neighborhood. Which is more relevant?
A: Both are contextual. On its immediate street, it's one of the newer homes. In the broader Canterbury Park area, many homes are newer (average year built 1997). This means the home is well-established on a mature street but may have different maintenance considerations than a newer suburb.