Property Overview: 43 Craglea Corner, Canterbury Park
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1980, presents a practical and updated living space in Winnipeg's Canterbury Park neighbourhood. Its key features include a renovated basement and a detached garage. With 1,166 sqft of living area, the home offers a comfortably sized interior that is very typical for its immediate street and slightly below the average for the wider neighbourhood.
The primary appeal lies in its balance and value. The home sits on a modest 2,514 sqft lot, which is manageable and requires less upkeep than larger properties. A significant point of interest is its recent sale price of $34.50k, which performed "well above average" compared to other homes on Craglea Corner, suggesting buyers saw strong value in the offering, likely due to the renovated basement.
This property would suit first-time buyers or downsizers looking for an established, low-maintenance home in a mature neighbourhood without a major renovation project. It’s a straightforward home for someone who values a functional layout and recent updates over expansive square footage or a large yard.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area is 2,514 sqft, which is very close to the average for Craglea Corner itself. However, it is notably smaller than the typical lot in both the broader Canterbury Park area and city-wide, indicating a more manageable yard.
2. Is the home newer or older than others nearby?
Built in 1980, its age is almost identical to the average for its street. It is older than most homes in Canterbury Park but is actually newer than the average home across the entire city of Winnipeg.
3. What does the "well above average" sale price ranking mean?
When it sold in June 2023 for $34.50k, that price placed it in the top 4% of sales on its own street. This indicates that, compared to its direct neighbours, this property commanded a premium price, likely reflecting its updated condition.
4. How does the assessed value relate to the sale price?
The assessed value is $31.90k. The sale price of $34.50k came in above this assessment, which is common when a property's updated features (like the renovated basement) are attractive to buyers in a competitive sale.
5. Is the living space large for the area?
At 1,166 sqft, the living area is slightly above the average for Craglea Corner but a bit below the average for Canterbury Park as a whole. It represents a mid-sized home that fits comfortably within the context of the local market.