Property Overview
This 1991 bi-level home at 354 George Marshall Way in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in a renovated basement and a detached garage, offering immediate functionality on a standard city lot. The home’s living space is notably compact at 761 sqft, which positions it well below average for the area. This characteristic, combined with a below-average assessed value, clearly defines its niche: it is a value-oriented property suited for first-time buyers, downsizers, or investors seeking a low-maintenance footprint with some updated features. The lot size is typical for the street, providing adequate outdoor space without the burden of extensive landscaping.
A thoughtful perspective for potential buyers is to view the smaller living area not just as a limitation, but as a catalyst for efficient living and lower utility costs. Furthermore, while the home’s assessed value is below average for the immediate neighbourhood, it aligns more closely with the city-wide average, suggesting it represents a competitively priced option within the broader market.
Frequently Asked Questions
1. Is the home particularly small?
Yes. With 761 sqft of living area, it is significantly smaller than most homes on the same street and in the wider Canterbury Park area. This makes it a compact, efficient living space.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finishes, and whether it includes added living space, a rental suite, or simply updated amenities.
3. How does the property’s value compare?
Its assessed value is below the average for both George Marshall Way and Canterbury Park. This indicates a potentially more affordable purchase price relative to the immediate neighbourhood, though it is around the average mark for the entire city.
4. Who would this property suit best?
It is ideally suited for first-time homebuyers prioritizing affordability, investors looking for a manageable rental property, or empty-nesters seeking to downsize into a home with a renovated basement and a garage.
5. Are there any concerns with the year it was built?
Built in 1991, the home is around the average age for the street and neighbourhood. While not a new build, it is notably newer than the average Winnipeg home. A standard inspection is recommended to review the condition of major systems and the renovation work.