Property Overview
51 Nevens Bay is a well-situated home in Canterbury Park, built in 2009. Its primary distinction is an exceptionally large lot of over 10,000 square feet, which places it in the top tier of properties locally. The home itself features a renovated basement and an attached garage, with a living area that is functional and in line with broader city averages. The appeal here is rooted in land value and future potential, rather than sheer interior size. It suits buyers looking for a solid, newer-construction home on a premium lot where outdoor space, privacy, and the possibility of expansion or landscaping projects are top priorities. It’s a property for those who see the land itself as a key asset.
Key Characteristics & Appeal
The standout feature is the land. At 10,499 sqft, the lot size is in the top 10% on its street and the top 1% within the desirable Canterbury Park neighbourhood. This offers rare space for gardens, recreation, or future additions in an established area. The house, built in 2009, is newer than most in Winnipeg, suggesting modern building standards and less immediate need for major updates. The living space (1,461 sqft) is modest compared to others on the street but is average for the city, indicating an efficient layout. The renovated basement adds functional living area.
The appeal lies in this balance: a modern, low-maintenance home on a truly expansive parcel of land. It would suit a family valuing outdoor space, a buyer interested in the long-term investment value of a large lot, or someone looking for a property with "good bones" and the potential to customize or expand over time. Its above-average assessed value reflects this premium lot size.
Frequently Asked Questions
1. Is the large lot usable, or is it an odd shape?
While specific dimensions aren't provided, the lot is consistently ranked against "comparable homes," suggesting a usable configuration. Due diligence with a survey is always recommended.
2. The living area is noted as below average for the street. Does the house feel small?
The home's living area is actually near the city-wide average, so it is a comfortable size. The comparison feels stark because many homes on Nevens Bay are larger. The renovated basement effectively adds to the usable space.
3. What does the "renovated basement" include?
The listing confirms it is renovated but does not specify finishes or layout. This would be a key point to clarify with the seller or agent to understand if it's a finished living space, a rental suite, or updated utilities.
4. The home sold in 2021. Is the current price reasonable?
The 2021 sale price of $521,000 and the current assessed value of $543,000 are close, suggesting stability. However, market conditions have changed since 2021, so a current market evaluation is essential to determine if the asking price aligns with today's values.
5. Why is the lot size so significant for this property?
In mature neighbourhoods like Canterbury Park, large, vacant lots are rare. A lot of this size on a established street offers a level of privacy and space that is increasingly uncommon, which typically holds and grows in value independently of the house itself.