Property Overview: 171 Northcliffe Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1986, presents a compelling opportunity centered on its generous, above-average lot. Situated on a quiet street in Canterbury Park, the property’s nearly 5,912 sqft land area stands out, ranking in the top 23% on its own block and the top 16% within the neighbourhood. This offers significant outdoor space and potential not found in many newer subdivisions. The home itself features a renovated basement and a living area (1,204 sqft) that is comfortably above average for the immediate street.
The primary appeal lies in a value proposition for a specific buyer: it is a property where the land is a dominant asset. The home is well-situated on its lot and in a mature community, yet the assessed value remains accessible, coming in below both neighbourhood and city-wide averages. This creates a scenario ideal for a hands-on buyer or long-term planner. It would perfectly suit a first-time buyer or investor comfortable with a home that may require cosmetic updates over time, allowing them to build equity in a desirable location. Alternatively, it could attract someone looking for a solid foundation in a stable area with the space for future additions, gardening, or outdoor living, prioritizing lot size over a move-in-ready finish.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the lack of a garage impact daily life and value?
While the property has no garage, the large lot provides ample space for parking and potential future construction of a garage or carport, subject to local bylaws. This is a trade-off that offers flexibility for the right buyer.
3. The home was last sold in 2016 for $27,500. Why is that price so low?
This historically low sale price is atypical for a residential property and likely does not reflect a standard market transaction. It may have been a transfer between family members or sold with specific conditions. The current assessed value ($34,600) provides a more relevant municipal benchmark.
4. Given the year built, what major systems might need attention?
As a home built in the mid-80s, a prospective buyer should prioritize inspections of the roof, windows, and major mechanical systems like the furnace and water heater to assess their remaining lifespan and plan for future updates.
5. The rankings show the assessed value is "around average" city-wide but "below average" for the neighbourhood. What does this mean?
This indicates that while the home’s municipal assessment is mid-range compared to all Winnipeg properties, it is valued lower than many homes within Canterbury Park itself. This can represent a relative value opportunity within a desirable neighbourhood, but it’s wise to research why—it may relate to the home’s condition, size, or specific features compared to nearby houses.