Property Overview: 127 Bridgecrest Drive, Canterbury Park
Key Characteristics & Appeal
This well-situated bi-level home at 127 Bridgecrest Drive presents a solid opportunity in Winnipeg’s Canterbury Park neighbourhood. Built in 1975, the home features a renovated basement and an attached garage. Its key strength lies in the generous 6,291 sqft lot, which ranks in the top 13% on its street and the top 12% within Canterbury Park, offering above-average outdoor space for the area.
The appeal here is grounded in value and potential. The recent sale price sits below the assessed value and under the neighbourhood average, suggesting a buyer may be acquiring the property—particularly its sizable lot—at an advantageous entry point. With a living area of 1,116 sqft that is average for its immediate street, the home suits buyers looking for a functional layout with the bonus of a finished lower level. It’s an ideal match for first-time homeowners, value-conscious investors, or those who prioritize private outdoor space over a larger interior footprint. The mature neighbourhood and older home age imply a buyer should be prepared for typical maintenance, but the renovated basement adds immediate move-in appeal.
Frequently Asked Questions
1. How does the sale price compare to recent market value?
The home sold for $31,500 in June 2024, which is below its last assessed value of $36,800 and notably under the average for similar homes in Canterbury Park. This could indicate a value purchase, but it’s essential to understand the specific conditions of the sale.
2. What does the "above average" lot ranking mean practically?
With a lot size in the top 12% of the neighbourhood, you’re getting more yard space than most homes in Canterbury Park. This allows more room for gardening, recreation, or future expansions like a deck or shed, which can be rare in established areas.
3. Is the 1975 build date a concern?
The year built is older than over 90% of homes in Canterbury Park, meaning this is one of the neighbourhood's original properties. While it comes with mature landscaping, it also warrants a thorough inspection for aging components like the roof, windows, and major systems.
4. Who would this property not suit?
Buyers seeking a modern, turn-key home or extensive interior square footage may find it less fitting. The appeal leans more toward the land size and value proposition than high-end finishes or a large main-floor living area.
5. How does it rank for living space inside?
The interior living area is about average for its street but below the broader neighbourhood average. This highlights that the property’s standout feature is its lot, not its interior size. The renovated basement effectively adds usable space to the overall footprint.