Property Overview
83 Northcliffe Drive is a 1986 bi-level home in Canterbury Park, Winnipeg, sitting on a 3,511 sqft lot. It features a renovated basement and no garage. With 818 sqft of living space, it is a compact home that sold for $37,600 in July 2024. Its appeal lies in being an affordable, low-maintenance entry point into the market, particularly suited for first-time buyers, investors, or downsizers who prioritize a renovated basement and a manageable yard over square footage. The home’s lot size is fairly typical for its immediate street but is below average for the wider neighbourhood and city, suggesting a more contained outdoor space. A thoughtful perspective is that while the living area is modest, its "newer than most" build date for the street (ranking in the top 1%) could imply relatively modern core systems compared to immediate neighbours, a subtle advantage not reflected in size metrics.
Who It's For:
This property would best suit a pragmatic buyer looking for a functional starter home or a long-term investment property without a large upfront cost. It’s ideal for someone who values a move-in-ready basement renovation over expansive living areas or garage parking. The below-average assessed value and sale price indicate a lower property tax burden, which is a key consideration for budget-conscious owners.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm with the city and their inspector regarding permits and compliance to understand its allowable use.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Owners will rely on driveway and street parking. The renovated basement could offset some storage needs, but securing outdoor items and winter vehicle parking are important considerations for this home.
3. The living area is noted as below average. How does the layout feel?
At 818 sqft, the home is compact. The bi-level design typically spreads living space across two shorter flights of stairs, which can make efficient use of the footprint. The renovated basement likely provides crucial additional functional space.
4. The sale price was higher than the assessed value. What does this indicate?
The home sold for $37,600 against a $30,200 assessed value. This suggests market demand and buyer valuation placed a premium on the home's condition (like the renovated basement) that isn't fully captured in the formal assessment, which often lags behind immediate market trends.
5. What are the long-term investment considerations here?
The home's affordability offers a low barrier to entry. Its potential for appreciation may be more tied to land value in Canterbury Park and future upgrades, rather than significant inherent growth from its size. It represents a stability play rather than a high-growth asset, ideal for building equity gradually.