Property Overview
This bi-level home at 257 George Marshall Way in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in its efficient scale and recent updates, positioned within a well-established neighbourhood.
Key Characteristics & Ideal Buyer
The home is defined by its manageable size, with 919 sqft of living space and a renovated basement, offering functional space without the upkeep of a larger property. Built in 1996, it is notably newer than many homes in the city and on its street, suggesting potentially fewer immediate major repairs. The lot size is modest relative to the area, which translates to less yard maintenance.
Its strongest financial appeal is its accessibility. The assessed value sits below averages for both the street and neighbourhood, indicating a lower property tax burden and an attractive price point. This profile suits first-time buyers, downsizers, or investors seeking a straightforward, updated property with lower ongoing costs. A thoughtful perspective is that while the home ranks below area averages in size and value, its newer build year is a significant relative advantage, offering a balance of modern infrastructure in a mature community.
Frequently Asked Questions
Q: Is the lot size a disadvantage?
A: While smaller than area averages, the 3,582 sqft lot requires less maintenance and landscaping, which can be a benefit for those seeking a low-maintenance lifestyle.
Q: How does the 2016 sale price compare to today's value?
A: The home sold for $26.8k in 2016. The current assessed value of $33.3k reflects market changes, but it remains priced below neighbourhood averages, suggesting it has been assessed conservatively.
Q: What does "below average" for living area mean for daily life?
A: It confirms the home is compact. The renovated basement is a key feature, effectively expanding the usable living space beyond the main floor square footage.
Q: With no garage, what are the parking options?
A: The property listing does not specify dedicated parking. Buyers should investigate on-street permit requirements or the possibility of adding a driveway or carport.
Q: The home is newer than most on the street. Why is that significant?
A: A 1996 build year likely means more modern construction materials, wiring, and plumbing standards compared to older homes, potentially reducing the risk and cost of near-term major system updates.