Property Overview
This one-storey home at 96 Zawaly Bay in Canterbury Park is a practical and compact property built in 1988. Its key appeal lies in its efficient use of space and its position within a mature, established neighbourhood. The home sits on a 3,151 sqft lot, which is notably smaller than most in the immediate area, but this translates to lower maintenance. With 1,042 sqft of living space, the house itself is actually above average in size for its specific street, offering a comfortable footprint. A significant feature is the renovated basement, adding valuable finished space. The property last sold in January 2021 for $300,000, a price point that was below average for Winnipeg at the time, suggesting a history of relative affordability.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout in a quiet neighbourhood without a large yard to upkeep. It’s also a candidate for value-conscious buyers who prioritize a renovated basement and living space over a large lot. The below-average land size is a trade-off: it limits expansive outdoor possibilities but reduces weekend chores and may contribute to a lower property tax assessment.
Frequently Asked Questions
1. Is the smaller lot size a major disadvantage?
It depends on your priorities. While it offers less private outdoor space than many neighbours, it significantly reduces landscaping maintenance and costs. For those who prefer nearby parks over yard work, it can be a practical benefit.
2. How does the assessed value relate to potential property taxes?
The assessed value of $33,700 is around average for the street but below average for Canterbury Park. This generally indicates a modest property tax burden compared to other homes in the broader neighbourhood, which is a positive for monthly budgeting.
3. The home is older; should I be concerned about major repairs?
Built in 1988, key components like the roof, windows, and major systems are likely within or past a typical lifespan. A thorough inspection is essential, but the age also means the home is from an era of straightforward construction methods, which some buyers find easier and less costly to update.
4. There's no garage. Is street parking difficult?
The listing notes no garage. You should investigate on-street parking availability and any permit requirements, especially during Winnipeg winters. For some, the lack of a garage is offset by the lower purchase price and maintenance.
5. Why is the last sale price considered "below average" for the city?
The 2021 sale price of $300k was below the citywide average at that time. This typically reflects the home’s compact lot, lack of garage, and the general pricing of efficient, older bungalows compared to larger, newer properties. It highlights this property’s position as a more accessible entry point into homeownership.