Property Overview: 47 Tunbridge Bay, Canterbury Park
Key Characteristics & Appeal
This 1975 bi-level home at 47 Tunbridge Bay presents a practical opportunity in Winnipeg’s Canterbury Park neighbourhood. Its key features include a renovated basement and a detached garage, situated on a roughly 5,000 sqft lot. The home’s primary appeal lies in its established setting and relative value. While its 1,113 sqft living area is modest, the renovated basement offers potential for additional flexible space. The lot size is slightly below average for its immediate street but aligns well with the broader neighbourhood, suggesting a manageable outdoor space without excessive upkeep.
A thoughtful perspective is its position as one of the older homes on Tunbridge Bay itself, which can imply a more mature streetscape with settled landscaping. The assessed value sits in a middle range across all comparisons, indicating a property that isn’t over-improved for its area, potentially appealing to value-conscious buyers. This home would suit first-time buyers, downsizers, or investors looking for a straightforward, entry-level property in a mature area. It’s for those who prioritize function and location over size, and who see potential in a home with some updates already started in the basement.
Frequently Asked Questions
1. How does the lot size compare practically?
While the land is in the lower third on its own street (ranked 29 out of 35), it is near the neighbourhood average. This typically means a reasonably sized yard for city living, but likely not the largest on the block.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, what it includes (e.g., flooring, ceilings, legal egress), and whether it’s finished to a legal secondary suite standard.
3. Is the 1975 build date a concern?
The home is older than most in Canterbury Park but is average citywide. Its older build date on a street of similar-aged homes can suggest consistent construction quality for the era. Buyers should budget for expected maintenance and updates common to houses of this age, such as windows, roof, and mechanical systems.
4. Why is the last sale price higher than the assessed value?
The home sold for $270,000 in April 2020. Assessed value ($34,400) is for taxation purposes and is often lower than market value. The sale price from 2020 reflects the market conditions at that time and is a more relevant benchmark for comparison than the assessment.
5. What is the neighbourhood context of Canterbury Park?
Canterbury Park is a mature neighbourhood. The data shows homes here typically have smaller lots and are older compared to the wider city average, but also often have lower assessed values. This points to an established, possibly more affordable community with older home charm and the maintenance that can accompany it.