Property Overview
This two-storey home at 30 Corliss Crescent in Winnipeg's Canterbury Park neighbourhood presents a practical opportunity. Built in 1986, it sits on a generous 5,501 sqft lot, which is notably larger than most in the immediate area. The home itself features 1,200 sqft of living space, an attached garage, and a renovated basement. Its most recent sale was in September 2023.
Key Characteristics & Appeal
The primary strength of this property is its land. The lot size places it in the top 5% on its street and the top 21% within Canterbury Park, offering above-average outdoor space for the location—a valuable asset for gardening, play, or future expansion. The renovated basement adds functional, modernized living area. While the interior living space is average for the city, the home’s assessed value is positioned below the average for its street, suggesting a potentially accessible entry point into a neighbourhood with desirable lot sizes.
This home would suit a first-time buyer or a practical downsizer who prioritizes yard space over a large interior footprint. It’s for someone who sees value in a solid foundation—a renovated basement and a great lot—and is comfortable with a home that offers room to grow in equity rather than immediate move-in luxury. The recent resale in 2023 indicates it’s a viable, turnover-ready property in the current market.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property’s land area is significantly larger than most on the street and in the neighbourhood, which is a lasting benefit for privacy, outdoor use, and property value.
2. How does the home’s condition factor in?
The listing notes a renovated basement, which is a key update. As a home built in the 1980s, prospective buyers should consider the age of major systems like the roof, windows, and HVAC during an inspection.
3. Why is the assessed value below the street average?
The below-average assessment for the street likely reflects the home’s more modest living area relative to neighbours. This can be an opportunity, as it may translate to a slightly lower property tax burden and room for value growth through updates.
4. What does the recent 2023 sale tell us?
The sale just a few months prior suggests the property is market-ready and likely in liveable condition. It also provides a very recent, transparent benchmark for its market price.
5. Who would this property not suit?
It may not fit buyers seeking a large, modern interior or a brand-new home. The living space is functionally average, so those needing multiple large bedrooms or open-concept living might find it limiting without further investment.