Property Overview
This one-storey home at 788 Mcmeans Avenue E in Canterbury Park is a compact, renovated bungalow on a standard city lot. Built in 1977, it is notably newer than many homes on its street and in the wider neighbourhood. The home’s key updated feature is its renovated basement, adding valuable living space to the 900 sqft main floor. It includes a detached garage.
Its appeal lies in its move-in readiness with the basement renovation, and its position as a relatively newer build in an established area. The lot size (3,150 sqft) is very manageable, and the home’s assessed value sits well below averages for both Canterbury Park and Winnipeg overall, suggesting a potentially accessible entry point.
This property would suit first-time buyers or downsizers seeking a low-maintenance, single-level living option in a mature neighbourhood. It’s a practical choice for those who value updated interiors over square footage, and for buyers comfortable with a home whose price and size fall below area norms, possibly allowing budget for further personalization.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, rentable suite. Buyers should verify its compliance with local codes and zoning regulations if considering rental income.
How does the below-average assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to higher-valued homes in the same area. This can be a meaningful ongoing savings.
The home is described as "below average" for the neighbourhood in several metrics. Is this a concern?
This largely depends on buyer priorities. It indicates a more modest and affordable property in Canterbury Park. It may not offer the same space or appreciation curve as larger homes, but it provides entry into the neighbourhood at a lower threshold.
What is the significance of the home being newer than others on the street?
A 1977 build is more recent than the street average (1968), which can suggest updated core components like electrical or plumbing systems compared to much older homes, potentially reducing immediate repair needs.
Given the 2017 sale price, how has the value changed?
The home sold for $21,600 in 2017 and now carries a $26,200 assessed value. This increase reflects market changes and the basement renovation. A current market appraisal will determine the actual sale price, but the assessment indicates a rise in its taxable value.