Property Overview: 172 George Marshall Way, Canterbury Park
Key Characteristics & Appeal
This 1991 bi-level home at 172 George Marshall Way presents a practical and affordable entry point into Winnipeg’s Canterbury Park neighbourhood. Its key characteristics include a renovated basement, a detached garage, and a modest 856 sqft of living space on a standard 3,052 sqft lot. The home’s appeal lies in its relative value and move-in readiness, particularly due to the updated lower level. It last sold in 2017 for $260k, a price point that was below average for the street, neighbourhood, and wider city at that time.
This property would best suit first-time buyers or downsizers seeking a low-maintenance home without a major renovation project. Its below-average size and lot dimensions compared to immediate neighbours suggest a more manageable footprint for those prioritizing efficiency and lower upkeep. A thoughtful perspective is that while the home ranks below average in size for its area, this can translate to lower utility costs and property taxes, appealing to budget-conscious owners. The 1991 build date is newer than the Winnipeg city average, offering modern fundamentals without the premium of a brand-new build.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is smaller than most on the street and in Canterbury Park, the lot is a standard city size. It provides adequate outdoor space for gardening or relaxation without demanding extensive lawn care.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point of inquiry to understand if it includes legal egress, a bathroom, or additional living space, as this significantly impacts the home’s functional square footage.
3. How does the 2017 sale price relate to today’s value?
The $260k sale price from late 2017 is a historical data point. Current market conditions, updates made since then, and overall demand will determine the present value. It serves as a useful benchmark for the home’s price trajectory in a rising market.
4. The assessed value seems low. Why?
The municipal assessed value of $33.20k is for taxation purposes only and is not an indicator of market value. Market value is determined by recent sales of comparable properties and current buyer demand.
5. What are the pros and cons of a bi-level design?
Pros often include defined separation between living and sleeping areas, potential for bright lower-level living spaces, and efficient use of space. Cons can include having to navigate stairs immediately upon entry and a potentially segmented floor plan.