Property Overview: 10 Bridgecrest Drive, Canterbury Park

Section 1: Key Characteristics & Appeal

This is a well-situated, single-storey home in Canterbury Park, built in 1974. Its key features include a renovated basement and a detached garage on a generous 5,299 sqft lot, which is notably larger than most in the immediate neighbourhood. With 988 sqft of living space, the home itself is more compact, offering a manageable layout that is easy to maintain.

The primary appeal lies in its balance of space and location. The lot size is a significant asset, providing ample outdoor room in an area where properties are typically smaller. The renovated basement adds valuable finished space, increasing the home's functional footprint. Its assessed value is positioned around the city-wide average, suggesting a stable market proposition.

This property would best suit first-time buyers or downsizers seeking a established neighbourhood with larger lot potential. It’s for those who prioritize private outdoor space over a large interior and value the character and mature streetscapes of a 1970s-era community. A thoughtful perspective for buyers is to consider the value of the land itself; the lot ranks in the top 25% for size within Canterbury Park, which could be a long-term asset even if the house requires gradual updates.

Section 2: Frequently Asked Questions

1. How does the lot size compare to others?
The 5,299 sqft lot is a standout feature for Canterbury Park, ranking in the top 25% for size within the neighbourhood. It offers more outdoor space than is typical for the area.

2. Is the home newer or older than others nearby?
Built in 1974, this home is older than the Canterbury Park neighbourhood average, where many homes were built closer to 1997. However, it is very typical for its specific street and aligns with the average age of homes across Winnipeg.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and functionality of the space.

4. How does the living space compare?
With 988 sqft, the above-ground living area is below the average for both Canterbury Park and the city. This indicates a efficient, potentially cozier layout, with the renovated basement providing additional finished space.

5. Why was the last sale price so different from the assessed value?
The property sold for $263,000 in August 2019, while the current assessed value is $340,000. This difference reflects typical market appreciation over time and the assessed value for taxation purposes, not necessarily the current listing price.