Property Overview & Key Characteristics
This bi-level home at 270 George Marshall Way in Canterbury Park is a practical and efficiently sized property. Built in 1993, it is newer than many Winnipeg homes, offering modern construction basics without the premium of a brand-new build. The 955 sqft living area is compact, placing it below the neighbourhood average, which suggests a focus on essential space rather than expansiveness. A key feature is the renovated basement, which adds valuable finished space and potential. The lot size is standard for the street at just over 4,300 sqft, providing a manageable outdoor area.
Its appeal lies in its turn-key readiness, thanks to the basement renovation, and its position as an affordable entry point into a stable neighbourhood. It suits first-time buyers, downsizers, or investors looking for a low-maintenance property with immediate livability. A thoughtful perspective is that while the living space is modest, the renovated basement effectively doubles the usable area, making the home feel larger than the main-floor square footage suggests. It represents a value-oriented choice in a city where newer builds often command higher prices.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city if considering rental income.
2. How does the lack of a garage affect daily life and resale?
The property has no garage, which is common for many homes in this price range. Buyers should plan for street parking or the potential cost of adding a shed or carport. While it may limit some buyers, it also contributes to the home's lower maintenance and affordability.
3. The assessed value seems low. What does this mean for property taxes?
The assessed value is for municipal tax purposes and is typically lower than market value. A lower assessment generally translates to proportionally lower property taxes, which is a ongoing cost advantage for the homeowner.
4. The home sold recently in 2021. What does this indicate?
The sale in July 2021 for $35,400 suggests the current seller may have purchased it as a renovation project or investment. The recent renovation likely adds significant value compared to that purchase price.
5. How does the living area compare to nearby homes?
At 955 sqft, the above-ground living area is below the Canterbury Park average. This indicates a more efficient, potentially easier-to-maintain floor plan. The renovated basement is a crucial factor, as it likely provides the additional living or utility space that brings the total functional square footage in line with area norms.