Property Overview
This 1976 bi-level home at 255 St Martin Boulevard in Canterbury Park is a compact, efficiently sized property. Its key appeal lies in its renovated basement and its position as a notably newer build on its street, having been constructed five years after the local average. With 809 square feet of living space and a modest lot size of just under 3,000 square feet, it presents as a low-maintenance option. The home has no garage or pool.
Its primary suit would be first-time buyers, downsizers, or investors seeking an affordable entry point into the Winnipeg market with some modernized finishes. The data suggests it trades space for value, with an assessed value and recent sale price significantly below city-wide averages. A thoughtful perspective is that while the home ranks below average in size metrics for its area, its newer construction date relative to immediate neighbours could imply fewer major age-related issues in the core structure, a potential hidden advantage.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on the data, yes. The sale price and assessed value are consistently below averages for the street, neighbourhood, and city, indicating an affordable entry point. The renovated basement adds immediate livable space without upfront project costs.
2. How does the lot size impact the property?
The land area is smaller than most comparable lots in Canterbury Park and city-wide. This translates to less outdoor maintenance, which is a benefit for some, but may limit expansion potential or private outdoor space for gardening or entertaining.
3. What does the "newer" year built ranking mean for this street?
While the 1976 build is around the city's average age, it ranks in the top 1% on its specific street. This suggests the immediate surrounding homes are, on average, older (from around 1971), which could position this property as having a relatively younger roof, foundation, and major systems.
4. Who might this property not suit?
It may not suit buyers needing ample storage or vehicle shelter, as there is no garage. Growing families may also find the living area (809 sq ft) restrictive compared to the neighbourhood average of over 1,300 sq ft.
5. How does the assessed value compare to the sale price?
The home last sold in October 2022 for $28,200k, which was higher than its current assessed value of $25,800k. This is not uncommon and reflects market conditions at the time of sale versus the municipality's assessment for tax purposes.