Property Overview
This two-storey home at 261 St Martin Boulevard in Canterbury Park presents a specific and compelling value proposition. Built in 1975, its key appeal lies in its efficient use of space and recent updates. With 1,080 sqft of living area, it offers more interior space than many comparable homes on its street. A recently renovated basement adds functional living space, a significant modern upgrade. The property sits on a modest, manageable lot of 2,999 sqft, which means lower maintenance without sacrificing outdoor space entirely.
Its strongest suit is financial accessibility. With a historically low assessed value and a recent sale price significantly below city averages, it represents a notable entry point into the Winnipeg market. This isn't a sprawling property; its appeal is grounded in practicality and renovation potential. It would suit first-time buyers seeking a move-in-ready foundation with a modernized basement, or investors looking for a manageable rental property with recent improvements in a stable neighbourhood. It’s a home for those who prioritize interior space and modern touches over a large yard or a new-build status.
Frequently Asked Questions
Q: How does the lot size compare, and what does it mean for me?
A: The land area is smaller than most in Canterbury Park and across Winnipeg. For buyers, this translates to less yard maintenance and lower associated costs, which can be a practical advantage. It suggests the property's value is driven more by the home itself and its location than by land expanse.
Q: The assessed value seems very low. Why is that?
A: The assessed value is notably below area averages, which typically reflects the property's older age, smaller lot size, and the municipality's valuation formula. It's important to note it recently sold for $32,900, which is closer to—but still below—street averages, indicating the market price accounts for its renovated condition.
Q: The living area is ranked highly for the street. Is the layout efficient?
A: Yes, this is a key feature. With 1,080 sqft, it offers more interior space than most similar homes on St Martin Boulevard. Combined with the renovated basement, it provides a functional amount of room that may feel larger than the lot size or assessed value suggests.
Q: What should I know about the "renovated basement"?
A: While specific finishes aren't detailed, a renovated basement in a 1975 home is a major plus. It adds immediate livable space and suggests foundational updates. Prospective buyers should verify the scope of the renovation, including permits, moisture-proofing, and the quality of finishes.
Q: Who would this property NOT be suitable for?
A: It likely wouldn't suit buyers seeking a large yard for gardening or recreation, or those who prefer a brand-new home without any legacy maintenance considerations. Its value is in its affordability and updated living space, not in premium land or a modern build date.