Property Overview
This one-storey home at 219 St Martin Boulevard in Canterbury Park is a compact, well-situated property with a renovated basement. Built in 1976, it sits on a 2,999 sqft lot. The home’s 900 sqft living area and detached garage are characteristic of its era. The data suggests it is a value-oriented entry in its area, with a notably low assessed value compared to neighbours and the wider city.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of location, lot size, and recent updates within a more affordable price bracket. Its renovated basement adds functional living space, a significant plus for a home of this size. While the living area is modest, the lot is a manageable size for low-maintenance outdoor space.
Its standout characteristic is its financial positioning. The home ranks in the top 1% for its year built on its street, meaning it is the newest among its immediate peers, which can be advantageous for systems and upkeep. Conversely, its assessed value is in the bottom tiers for the street, neighbourhood, and city, indicating it may present a lower-cost entry point into the area.
This home would suit first-time buyers or downsizers seeking a single-level layout in a established neighbourhood without a premium price tag. It’s a practical choice for those who value a renovated interior and a newer build date over sheer square footage, and who see potential in the existing structure and lot.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The home last sold in 2016 for $220k. The current assessed value of $24.4k reflects the value for municipal tax purposes, which in Manitoba is only a fraction of a property’s likely market value. The sale price is a more relevant indicator of its worth.
2. How does the lot size compare to others?
At just under 3,000 sqft, the lot is below average for Canterbury Park and Winnipeg overall. This means less yard maintenance but also less private outdoor space than many area homes.
3. What does "top 1% for year built" on its street mean?
This statistical ranking means that among the 105 comparable properties on St Martin Boulevard, this 1976 home is the newest. This is a relative positive for its immediate location, suggesting potentially fewer age-related issues than its direct neighbours.
4. Is the living area of 900 sqft too small?
At 900 sqft above grade, the living space is compact. The renovated basement effectively doubles the usable area, making the overall footprint more functional for daily life. Buyers should consider their need for main-floor living space versus total available space.
5. Who might this property not suit?
It may not suit buyers looking for a large, modern open-concept layout, extensive yard space, or a home with values that lead the neighbourhood. It’s a home that offers value and function rather than prestige or size.