Property Overview
This two-storey home at 249 Wynford Drive in Canterbury Park presents a specific and practical value proposition. Built in 1978, its key characteristic is its efficient use of space. With 1,152 sqft of living area, it offers more room than most comparable homes on its own street. The home features a renovated basement, adding functional living space. It does not have a garage or pool.
The appeal lies in its position as an accessible entry point into the Winnipeg market. With a consistently below-average assessed value and past sale prices compared to its neighbourhood and the wider city, it represents a lower financial barrier to entry. This is a home suited for first-time buyers, downsizers, or practical investors seeking a straightforward, renovated property without premium lot size (the land area is notably smaller than area averages). A thoughtful perspective is that while the lot is smaller, it requires less maintenance, and its newer build date relative to its immediate street peers is a subtle advantage.
Frequently Asked Questions
1. Is the smaller lot size a major drawback?
While the land area is significantly smaller than area averages, this translates to less yard maintenance. It may be a suitable trade-off for buyers prioritizing interior living space and ease of upkeep over extensive outdoor space.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, permits, and whether it includes added bedrooms, a living area, or a legal suite.
3. How does the lack of a garage affect parking and storage?
The property has no garage. Prospective buyers should assess on-street parking availability and consider the need for alternative storage solutions for vehicles and belongings.
4. The assessed value seems low. Does that mean property taxes are lower?
Generally, a lower assessed value can lead to relatively lower property taxes compared to higher-valued homes in the area. However, tax rates are also set by the city, so this should be verified.
5. How does the home's value compare over time?
Sales data shows the home sold for $20.5k in 2017 and $24.3k in 2021. This indicates a trend, but a current market evaluation is necessary to understand its present value in the context of today's market conditions.