Property Overview

This one-storey home at 123 Bridgecrest Drive in Canterbury Park is a standout property defined by its exceptional lot size and established character. Built in 1975, the home sits on a 9,449 sqft parcel of land, placing it in the top 2% for lot size both on its street and within the neighbourhood. This generous outdoor space is complemented by a renovated basement, a detached garage, and a pool. With a living area of 1,240 sqft, the interior space is above average for the immediate street but typical for the wider city. The home’s assessed value of $460k is elite for the street and above average city-wide, reflecting its prime lot.

The primary appeal lies in the rare combination of a massive, private lot in a mature neighbourhood with the added benefits of recent updates (the basement) and recreational features (the pool). It suits buyers looking for outdoor space for gardening, family play, or entertaining, who value established communities over brand-new builds. It would also appeal to those seeking a single-level living layout with room to potentially expand, given the significant land. A thoughtful perspective is that while the house itself is of a typical size and era for the area, the land represents a long-term asset that is increasingly scarce, offering both privacy and potential.

Frequently Asked Questions

1. How does the sale history affect the current value?
The home sold recently in August 2023 for $48,500. This appears to be a significant transfer well below assessed and likely market value, possibly indicating a non-arms-length transaction (such as between family members). It should not be taken as an indicator of the property's current market value.

2. Is the pool a benefit or a liability?
This depends on the buyer. It's a major recreational benefit for those who want it, especially on a large, private lot. However, buyers should factor in ongoing maintenance costs, insurance implications, and seasonal upkeep, which can be considerable.

3. What does the "elite" land ranking practically mean for me?
Practically, it means more privacy, space for additions like a shed or deck, and less direct overlook from neighbours. For the neighbourhood, it's a uniquely large lot, which is a key driver of the property's assessed value and likely its market price.

4. The home is older; what should I be aware of?
Built in 1975, major systems like the roof, plumbing, electrical, and the furnace are at an age where inspection is crucial. The renovated basement is a positive update, but an inspection will clarify the condition of the rest of the structure and foundational elements.

5. How does the detached garage impact utility?
A detached garage offers flexibility—it could be used as a workshop or studio without concerns about noise or fumes entering the house. The trade-off is dealing with weather when going between your car and home, which can be a consideration during Winnipeg winters.