Property Overview: 140 William Gibson Bay, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Canterbury Park is a solid, modern offering built in 2004. Its key appeal lies in its balance of a newer construction date relative to much of Winnipeg, paired with a manageable scale. The home features an attached garage, a full (though unrenovated) basement, and a living area of 1,508 sqft that is comfortably above the citywide average. The lot size of 4,311 sqft is typical for the immediate street and neighbourhood, offering standard outdoor space without excessive maintenance.
Its standout characteristic is its age: built in 2004, it ranks in the top 3% for newness on its own street and is significantly newer than the average Winnipeg home. This suggests modern building standards, potentially fewer major system updates in the near term, and a contemporary layout. The appeal is grounded rather than luxurious—it’s a practical home for those seeking a move-in-ready property from this century in a established neighbourhood.
This property would best suit first-time buyers or downsizers looking for a low-maintenance, modern home in a quiet bay setting. It’s also a sensible match for value-conscious buyers who prioritize a newer roof, windows, and mechanical systems over having the largest lot or a fully finished basement. The unrenovated basement presents a clear opportunity for future customization to suit a buyer’s needs.
Section 2: Frequently Asked Questions
Q: How does the property’s value compare to the area?
A: The home last sold in 2019 for $350k. Its current assessed value is notably lower at $44.6k, which is around average for Canterbury Park. It’s important to consult a real estate professional for a current market valuation, as assessed value for tax purposes doesn't always equal market price.
Q: What does the "Elite" ranking for Year Built actually mean?
A: This statistical ranking means that, on its specific street (William Gibson Bay), this home is one of the very newest built. It indicates you’re getting a relatively modern property compared to its direct neighbours, which can be an advantage for maintenance and energy efficiency.
Q: Is the lot size a drawback?
A: The lot is slightly below average for the street but is very typical for the wider Canterbury Park area. It represents a balanced choice: it provides yard space while likely requiring less time and cost for upkeep than a larger, above-average lot.
Q: What should I know about the unrenovated basement?
A: The basement is a blank canvas. While it requires an investment to finish, it also allows you to customize the space to your exact needs without paying a premium for someone else’s renovations. It’s a factor to budget for, but also a potential upside for personalization.
Q: How does this home fit within the broader Winnipeg market?
A: Citywide, this home ranks above average for Living Area, Year Built, and Assessed Value. This positions it as a competitively sized and modern property within the broader city context, often a compelling combination for buyers comparing across multiple neighbourhoods.