Property Overview & Key Characteristics
This bi-level home at 140 George Marshall Way in Canterbury Park is a practical and well-situated property. Built in 1990, its age is typical for the immediate street but is notably newer than the Winnipeg citywide average, suggesting a solid, modern construction without the potential concerns of much older homes. With 1,000 sqft of living space and a 3,278 sqft lot, the property offers a manageable size. The key features include a renovated basement and a detached garage.
Its primary appeal lies in its balance and location. The home sits in a stable, established neighbourhood where its assessed value and recent sale price are consistently around the average for its peers, indicating a fair market valuation without premium pricing. The renovated basement adds immediate functional space without the need for a project. A thoughtful perspective is that the smaller-than-average lot for the area could be seen as a benefit for buyers seeking lower maintenance outdoors without sacrificing a private yard.
This home would suit first-time buyers looking for a move-in-ready starter home with some updates already completed, or downsizers seeking a single-level living layout (bi-level) with a manageable property scale. It’s a match for those who value practicality and neighbourhood stability over expansive square footage.
Frequently Asked Questions
Q: How does the lot size compare to others in the area?
A: The lot is 3,278 sqft, which is below the average for both Canterbury Park and the city overall. This means less yard maintenance but also less private outdoor space than some neighbouring properties.
Q: Is the home older or newer than most in Winnipeg?
A: Built in 1990, it is actually newer than the typical Winnipeg home (citywide average year built is 1966). On its own street and in Canterbury Park, however, its age is very average.
Q: What does the "renovated basement" likely include?
A: While specific finishes aren't listed, a "renovated basement" typically means the lower level is finished as livable space, possibly including recreation rooms, bedrooms, or a bathroom, and is in modern, move-in condition.
Q: How does the recent sale price relate to its assessed value?
A: The home sold for $400,000, which is reasonably close to its $370,000 assessed value. This alignment suggests the sale was near market value and that the assessment is current, providing a solid benchmark for property taxes.
Q: Who might this property not be suitable for?
A: It may not suit buyers looking for a large lot, extensive square footage, or a brand-new build. The living area and land size are below the neighbourhood averages, prioritizing efficiency over spaciousness.