Property Overview: 42 Tunbridge Bay, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975, three-level split home sits on a generous 5,499 sqft lot in Canterbury Park. Its key features include a renovated basement and a living area of 1,130 sqft, which is notably spacious compared to other homes on Tunbridge Bay itself. The appeal lies in its established neighbourhood setting, with a lot size that is well above average for both the immediate street and the wider area, offering good outdoor space potential. The home’s assessed value is positioned below average for its neighbourhood and street, which may present an opportunity for value-conscious buyers.
This property would suit a buyer looking for a solid, no-frills home in a mature area, who prioritizes land size over a modern build date. It’s a practical choice for those comfortable with a home from the 1970s and who see potential in its already-renovated basement. The data suggests it offers more interior space than most immediate neighbours, which is a less obvious advantage in an older area, making it a sensible option for someone needing a bit more room without moving to a newer, more expensive subdivision.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
The lot is in the top 23% on Tunbridge Bay and top 21% in Canterbury Park, meaning it’s significantly larger than many nearby properties. This is a standout feature for gardening, expansion, or simply having more private outdoor space.
2. The home was built in 1975. What should I consider?
While older, the year built is actually newer than most on its street (top 6%), suggesting the immediate area is very established. A thorough inspection for aging components like the roof, windows, and major systems is advisable, common for homes of this era.
3. Why is the assessed value lower than neighbours?
The assessed value is below the average for both the street and Canterbury Park. This can be influenced by many factors, including the home’s specific condition, updates, and the municipal assessment model. It often indicates a potentially lower property tax base, but it’s essential to compare it to recent sale prices, like the 2022 sale at $280k, for a true market picture.
4. Is the living space adequate for a family?
At 1,130 sqft, it is above average for its street. The three-level split design can help zone living and sleeping areas. For context, it offers more space than most direct neighbours but is slightly below the broader neighbourhood average, so touring the home to assess the layout for your specific needs is key.
5. There’s no garage. How does that impact the property?
The lack of a garage is a trade-off for the larger lot. It means parking and storage will require creative solutions, but the lot size does offer potential for adding a garage or shed in the future, subject to local bylaws and permits.