Property Overview: 84 Zawaly Bay, Canterbury Park
Section 1: Key Characteristics & Appeal
This well-situated bungalow in Canterbury Park offers a practical and comfortable living space. Built in 1989, its key feature is a recently renovated basement, adding valuable finished square footage to the home. With 1,150 sqft of living area, the house is notably spacious for its immediate street, ranking in the top 10% among its closest neighbors. The lot size is manageable at 3,781 sqft, typical for the area, requiring less upkeep than larger city plots.
The appeal here is grounded in value and convenience. It represents a solid entry point into a stable neighborhood, particularly suited for first-time homebuyers, downsizers, or practical investors. The renovated basement is a significant advantage, offering immediate move-in readiness and flexibility for a recreation room, home office, or additional bedrooms. While the home lacks a garage and pool, its assessed value sits below the neighborhood average, suggesting potential for those comfortable with a home of this vintage. It suits buyers prioritizing interior space and modernized finishes over expansive yards or luxury amenities, and who appreciate a home that stands out favorably on its own block.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
While its lot is typical for Zawaly Bay, the living space is a standout. At 1,150 sqft, it offers more interior space than most directly comparable homes on the same street, where the average is around 989 sqft.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified. A professional inspection is recommended to detail the finishes, ensure compliance with building codes, and identify any moisture concerns common in bungalows of this era.
3. Is the lack of a garage a significant drawback?
This depends on lifestyle. For a single-car household or those comfortable with street parking, it may be a manageable trade-off for the home's other features. However, it's a key consideration for Winnipeg winters and should be factored into long-term convenience and resale value.
4. The home sold in 2017 for $280k. What does that tell us?
The 2017 sale price provides historical context but is not a direct indicator of current value. Market conditions, interest rates, and the subsequent basement renovation have all changed since then. Current valuation should be based on a comparative market analysis of recent sales.
5. How does the assessed value relate to the likely selling price?
The assessed value of $33,800 is for municipal tax purposes only and is not an appraisal. In this case, it is notably below both the 2017 sale price and typical city-wide averages, which is common for older assessments. The eventual sale price will be determined by the current market.