Property Overview & Key Characteristics
This one-storey home at 269 Wynford Drive in Canterbury Park is a compact, no-frills property built in 1978. Its primary appeal lies in its efficient scale and its position as a land-value proposition within a mature Winnipeg neighbourhood. With a modest 826 sqft living area and a renovated basement, it offers a straightforward layout suitable for downsizers, first-time buyers seeking an entry point, or investors. The lot size of 3,080 sqft is notably smaller than area averages, which translates to minimal exterior maintenance—a key point of appeal for those seeking a low-maintenance lifestyle without condo fees. Interestingly, while its living space and assessed value are below average for the immediate area, its 1978 build date is actually newer than most homes on its own street, suggesting it may have benefited from somewhat updated construction standards for its time. This property suits practical buyers who prioritize location and function over size, and who see potential in the existing renovation work or a manageable canvas for future updates.
Frequently Asked Questions
1. Is this a good investment property?
Given its below-average assessed value and compact size, it could be a candidate for a rental investment, especially with the renovated basement potentially creating a secondary income suite (subject to zoning and licensing verification). Its operational costs, like heating and taxes, are likely proportionally lower due to its scale.
2. How does the small lot size impact the property?
The 3,080 sqft lot is significantly smaller than many in Winnipeg. This is a drawback for those wanting extensive outdoor space but a clear advantage for buyers who want a private yard without the upkeep of a larger lawn and garden.
3. The home sold for $18.5k in 2017 but is now assessed at $24.9k. What does this mean?
The 2017 sale price is exceptionally low and not reflective of typical market value, likely indicating a distressed sale, private transfer, or sale of land only. The current assessed value provides a more current, though not market-setting, benchmark for municipal tax purposes.
4. What does "renovated basement" typically imply for a home of this era?
In a 1978 Winnipeg home, a renovated basement often addresses foundational concerns like moisture control and insulation while updating living space. It’s crucial to verify the quality, permits, and whether it created a legal secondary suite.
5. Who are the typical neighbours in Canterbury Park?
Canterbury Park is a long-established neighbourhood. The mix of older and somewhat newer homes (like this 1978 build) suggests a community of long-term residents and newer arrivals, offering stability. The smaller lot and home size on this specific street may attract a mix of young families, downsizers, and renters.