Property Overview: 74 Northcliffe Drive, Canterbury Park
Key Characteristics & Appeal
This 1981 bi-level home at 74 Northcliffe Drive is a compact, efficiently sized property in Winnipeg's Canterbury Park neighborhood. Its key characteristic is its modest scale: with 844 sqft of living space on a 2,499 sqft lot, it sits below the average size for its immediate street, neighborhood, and city. This is balanced by a renovated basement, adding functional space. The home’s assessed value is notably accessible, positioned below local averages but around the middle range citywide.
The primary appeal lies in its value proposition and manageability. It suits first-time homebuyers, downsizers, or investors seeking an entry point into the market with lower maintenance demands and costs. The renovated basement offers immediate utility without upfront project work. A thoughtful perspective is that its smaller footprint can mean lower utility bills and less time spent on upkeep, appealing to those prioritizing simplicity and financial efficiency over square footage. It’s a practical choice for someone whose lifestyle is oriented more toward the community and city than a large private yard or expansive indoor areas.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below average for the area, it translates to less yard maintenance. It’s a trade-off that can be ideal for those who prefer spending less time on landscaping.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and the nature of the renovation to understand the quality and added living space.
3. How does the assessed value relate to the likely sale price?
The home last sold in 2019 for $24.5k and is now assessed at $30.9k. Market conditions, the renovated basement, and buyer demand will determine the final sale price, which may differ from both these figures.
4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office spaces, or those who desire extensive outdoor space for gardening or recreation, given the compact lot and living area.
5. How does the 1981 build year affect the home?
Built in the early 1980s, the home is around average age for its street. While major components like the roof or windows may have been updated, a pre-purchase inspection is recommended to assess the condition of original systems nearing the end of their typical lifespan.