72 William Gibson Bay

Property Overview

This single-storey home at 72 William Gibson Bay in Canterbury Park presents a specific and practical offering. Built in 2004, it is notably newer than most homes in Winnipeg, ranking in the top 3% for age on its own street. The lot size is standard for the area at just over 4,500 sqft, and the living space of 1,211 sqft is compact. A key updated feature is the renovated basement. The home’s assessed value is above the city-wide average but sits below the average for its immediate street, suggesting potential value within its micro-location.

Its appeal lies in its modern construction relative to the broader market, lower maintenance from being a bungalow, and the added functional space of a finished basement. It suits first-time buyers seeking a move-in-ready, newer home without a premium lot size, downsizers looking for single-level living in an established neighbourhood, or practical investors attracted by the above-average city-wide assessment paired with a recent sale history.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 1,211 sqft, the living area is below the average for William Gibson Bay but is very close to the average for both the wider Canterbury Park area and the city of Winnipeg as a whole. It’s a comfortably sized bungalow.

2. The assessed value seems low. What does this indicate?
The $43,800 assessment is above the Winnipeg average but below the average for its own street. This can sometimes indicate a more modestly finished home compared to neighbours or a smaller footprint, but it also may represent a value opportunity in a well-regarded location.

3. What are the benefits of a 2004 build in this area?
A 2004 construction means major components like the roof, windows, furnace, and electrical system are likely mid-life, potentially deferring significant replacement costs for years compared to much older Winnipeg homes.

4. Who might this property not be suitable for?
It may not suit buyers seeking a large, sprawling floor plan or those who prioritize a massive yard. The lot and living space are functionally sized but not expansive.

5. What is the significance of the renovated basement?
In a single-storey home, a renovated basement effectively doubles the usable living space, which is a significant advantage. It provides crucial extra room for a family, a home office, or recreation that the main floor footprint may not accommodate.