Property Overview
This 1990 bi-level home at 48 George Marshall Way in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in the combination of a renovated basement and a notably generous land area for its setting. At 4,575 sqft, the lot size ranks in the top 27% for its immediate street, offering above-average outdoor space compared to nearby homes. The dwelling itself is compact, with a living area of 858 sqft that is below average for the neighbourhood and city, indicating a home focused on efficient use of space rather than expansive square footage.
This property would suit first-time buyers or downsizers seeking a manageable interior with the added bonus of a finished lower level and room for gardening or outdoor projects. It’s a practical choice for those who prioritize land size and a renovated basement over a large interior footprint, and who are comfortable with a home that is functionally laid out but not oversized. The detached garage adds utility, and the home’s age places it in a well-established area with mature infrastructure.
Frequently Asked Questions
1. Is the living space too small?
At 858 sqft, the above-ground living area is compact. However, the renovated basement effectively doubles the usable space, making the home feel larger than the main floor square footage suggests. It’s ideal for those who live efficiently or spend significant time outdoors.
2. How does the lot size compare?
The 4,575 sqft lot is a standout feature. It’s larger than most on the same street (top 27%) and provides more yard space than the average Canterbury Park property, which is a significant advantage for privacy, recreation, or future expansion.
3. What does the assessed value indicate?
The assessed value is around average for its immediate area and neighbourhood. This suggests the property is priced consistently with local market norms, with the value likely anchored by the desirable lot size and renovated basement, balancing the smaller living area.
4. Why was the last sale price so much lower than the assessed value?
The home last sold in 2017 for $29,600. This historical price is not reflective of current value; it indicates a significantly different market condition or a unique circumstance at that time. Current assessment and market value are based on present-day data.
5. What is the neighbourhood context for a 1990 home?
Built in 1990, the home is slightly newer than the average on its street and in Canterbury Park. Citywide, it’s notably newer than the Winnipeg average. This means it likely incorporates more modern construction standards than many city homes, while still being part of a settled, mature community.