Property Overview
This single-storey home at 152 George Marshall Way in Canterbury Park is a compact, efficiently designed property built in 1991. Its primary appeal lies in its renovated basement and its position as a more affordable entry point into the Winnipeg market. The home sits on a 3,052 sqft lot, which is notably smaller than most in its immediate area and across the city, contributing to its lower assessed value. With 912 sqft of living space, it is a cozy layout suited for individuals, couples, or small families seeking minimal upkeep.
The data suggests this property doesn't compete on size, but rather on value and practicality. It would suit a first-time buyer prioritizing a move-in-ready basement suite or recreational space without a major project, or an investor looking for a lower-cost rental property with recent updates. A thoughtful perspective is that its smaller lot and footprint mean lower property taxes and less time spent on yard maintenance, which can be a significant hidden value for the right owner. Its "around average" city-wide assessed value ranking indicates you're getting a Winnipeg-typical price for a smaller-than-typical home, which is a specific market niche.
Frequently Asked Questions
1. Is the basement a legal suite?
The listing notes a renovated basement, but it does not specify if it is a legal, rentable secondary suite. This is a crucial point to verify with the listing agent and the city for compliance and insurance purposes.
2. Why is the assessed value so much lower than the city-wide average home price?
The assessed value reflects the property's specific characteristics: a smaller lot, compact living area, and the absence of a garage. Compared to the average Winnipeg home, it is a more modest offering, which is directly reflected in its valuation.
3. What are the implications of having no garage?
This means all vehicle parking will be on the driveway or street. It also reduces storage space. For some buyers, this is a trade-off for a lower purchase price, but it's important to plan for winter vehicle storage and general storage needs.
4. How does the smaller lot size affect the property?
The lot is smaller than most in the neighbourhood. This typically means less outdoor maintenance but also less private outdoor space. It's worth viewing the property to see how the lot is configured and if it meets your needs for privacy and recreation.
5. The home sold recently in 2022. What does that indicate?
The sale two years ago suggests the current owners have had a relatively short tenure. It doesn't inherently indicate a problem, but it's reasonable to ask the agent about the seller's motivation to understand if any issues prompted a quick turnaround or if it was simply a change in life circumstances.