Property Overview
This home at 2 George Reshaur Bay in Canterbury Park is a well-positioned, modern property built in 2008. Its key appeal lies in its strong standing within its immediate area, offering a balanced package of a newer build, above-average lot size, and recent updates. The home features an attached garage and a renovated basement, adding functional living space to its 1,657 sqft layout.
The property would particularly suit buyers looking for a move-in ready home in a mature neighbourhood without the maintenance concerns of an older build. It’s an ideal fit for professionals or small families who value a quiet, established community like Canterbury Park, but want the modern amenities and systems of a 21st-century construction. The data suggests it’s a premium property for its specific street and neighbourhood, offering a sense of relative value within that context.
A less obvious perspective is the lot’s potential. At 5,494 sqft, the land area is notably above average for Canterbury Park, offering more private outdoor space than many neighbouring properties—a growing asset. Furthermore, its elite ranking for year built on its street indicates it is one of the newest homes in the vicinity, which can be a significant long-term advantage for infrastructure and efficiency compared to the area's older average.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks exceptionally well, especially for its age. It is the newest home on George Reshaur Bay (top 2%) and sits on an above-average sized lot (top 23%). Its assessed value is also in the top 14% for the street.
2. Is the basement finished, and what was included in the renovation?
Yes, the basement is renovated. The listing confirms a renovated basement but does not provide specific details on the scope. A viewing or inquiry with the listing agent would be necessary to understand the finishes and layout.
3. What is the neighbourhood like?
Canterbury Park is an established, mature neighbourhood in Winnipeg. The home's metrics show it is above average in size, value, and modernity compared to most homes in this specific area.
4. Why was the last sale price so different from the assessed value?
The last recorded sale was $54.5k in June 2023, which is significantly lower than the current $530k assessment. This typically indicates a non-arms-length transaction, such as a transfer between family members, and does not reflect the market value at that time. The assessed value is a better indicator of its municipal valuation for tax purposes.
5. What are the property taxes?
The annual property taxes are not listed in the provided details. They can be estimated using the City of Winnipeg's tax rate and the assessed value of $530,000, but the exact amount should be verified through the listing agent or the city's tax calculator.