Property Overview
This one-storey home at 164 Northcliffe Drive in Canterbury Park is a compact, no-frills property built in 1983. Its key appeal lies in its renovated basement and its position on a lot that is larger than many in the immediate area, offering relative space and potential in a mature neighbourhood. The 860 sqft living area is modest, placing it below average for both the street and the wider city, which suggests a home suited for essential living rather than expansive comfort.
The data reveals a nuanced picture. While the home’s size and assessed value are generally below area averages, its lot size (3,036 sqft) ranks in the top half for Northcliffe Drive itself. This indicates a better-than-typical outdoor space for the street, a less obvious advantage. The renovated basement adds functional living space, compensating for the smaller main floor. This property would likely suit first-time buyers, downsizers, or investors seeking an entry point into a stable Winnipeg neighbourhood. It’s a practical choice for those prioritizing land over square footage, who are comfortable with a home that offers fundamentals and potential rather than move-in perfection.
Frequently Asked Questions
1. Is the lot size a positive feature?
Yes, particularly for the immediate street. The lot is over 3,000 sqft, which ranks in the top 52% on Northcliffe Drive. This means you get more outdoor space than many of your direct neighbours, which is a relative advantage in this location.
2. How does the home’s size compare to others?
The 860 sqft living area is below average for Canterbury Park and Winnipeg. This is a compact, one-storey layout. However, the renovated basement provides additional finished space, which helps offset the smaller main floor footprint.
3. What does the assessed value tell us?
The assessed value is around average for the city but below average for the Canterbury Park neighbourhood. This can sometimes indicate a more affordable entry point into the area, but it may also reflect the home’s smaller size and older age relative to others in the community.
4. Who would this home suit best?
It’s a strong candidate for a first-time homebuyer or an investor looking for a manageable property. Its size and layout could also work well for a downsizer seeking single-level living, provided the space meets their needs. The value is in the land and the basement renovation.
5. Are sale prices in the area stable?
The home last sold in 2020 for $27,800. Market conditions have changed since then, so this historical price is not a reliable indicator of current value. It does, however, confirm the property’s long-standing position as a more affordable option in the Winnipeg market.