Property Overview: 14 George Reshaur Bay, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a practical, low-maintenance property built in 2007, offering modern systems without the premium of a brand-new build. Its key appeal lies in its balance and location. The 1,448 sqft living space is comfortably sized for a smaller household, while the 4,760 sqft lot provides ample outdoor space relative to many city properties. It features an attached garage and an unrenovated basement, presenting a clean slate for future customization.

The home’s standout characteristic is its position within a newer pocket of the established Canterbury Park neighbourhood. Data shows it is significantly newer than the average Winnipeg home, suggesting fewer major system updates in the near term. Its municipal assessed value is notably above the city average, yet it ranks below the average for its immediate street. This creates a unique value proposition: you’re acquiring a relatively modern home on a quiet bay, potentially at a more accessible entry point than some direct neighbours.

This property would suit first-time buyers or downsizers seeking a move-in ready home with modern fundamentals in a mature neighbourhood. It’s also a sensible fit for an investor or buyer who views the unrenovated basement not as a drawback, but as a future opportunity to add value on their own terms.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data suggests a mixed picture that may work in a buyer’s favour. While the home’s assessed value is above the Winnipeg average, it is actually below the average for George Reshaur Bay itself. This could indicate a more competitive price point for a well-located, modern home on this specific street.

2. What does “basement, not renovated” mean?
It indicates the lower level is unfinished or in its original state from 2007. It’s functional for storage and utilities but awaits drywall, flooring, and design finishes. This is a common feature in many homes of this age in Winnipeg and represents a clear opportunity for future expansion.

3. How does the lot size compare?
At 4,760 sqft, the lot is slightly smaller than the average for Canterbury Park but larger than the average lot across Winnipeg. It offers a balanced yard—manageable for upkeep while still providing good private outdoor space.

4. The home sold in 2019 for $34,700. Why is that price so low?
This is almost certainly not a traditional market sale. A price of this magnitude typically represents a title transfer between family members, a lot split, or a sale “for love and affection.” It should not be used as a benchmark for the property’s current market value.

5. What are the less obvious points to consider?
Two factors stand out. First, being built in 2007 places it right before many major building code energy efficiency updates, so inquiring about insulation and window quality is wise. Second, its above-average citywide assessment but below-average street ranking hints that it might be a more modestly finished home compared to some neighbours, which can be an advantage for buyers wanting to avoid paying for someone else’s high-end renovations.