Property Overview: 196 Redonda Street, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This bi-level home, built in 2000, presents a practical and well-situated option in Winnipeg's Canterbury Park neighborhood. Its key appeal lies in its balance of space, modernity, and value. The home features a renovated basement and a detached garage on a standard 3,616 sqft lot. With 1,055 sqft of living area, the interior space is notably above average for its immediate street, offering comfortable room for a small family or couple.

The property’s strength is its relative newness compared to the Winnipeg average and its efficient use of space. While the lot size is modest for the area, this often translates to less maintenance. The renovated basement adds immediate functional living space without the need for upgrades. It suits first-time homebuyers seeking a move-in-ready property, downsizers looking for a manageable home without sacrificing modern comforts, or investors attracted by a home that is newer than much of the city's housing stock and has already seen key updates.

A thoughtful perspective: its "above average" assessed value ranking on its specific street suggests it may be one of the more substantially built or improved homes in the immediate vicinity, potentially offering better finish quality than direct neighbors. Its sale price in 2022 positioned it as an average-value proposition in the broader market, indicating a stable, non-speculative history.

Frequently Asked Questions

1. How does the lot size compare, and what does it mean for me?
The lot is smaller than the average for Canterbury Park and Winnipeg. This typically means lower maintenance for yard work and snow clearing, but may limit expansion or the addition of large outdoor structures like a shed or pool.

2. The home is listed as a bi-level. What should I expect?
Bi-levels typically feature a ground-level entry that leads to two sets of stairs: one going up to the main living areas and bedrooms, and another going down to a lower level (which here is renovated). This style often creates distinct living zones and can be very efficient.

3. The assessed value seems low. Is that accurate?
The assessed value (39.30k) is for municipal tax purposes only and is not an indicator of market value. The home last sold for $360,000 in 2022, which is the relevant figure for understanding its market price.

4. What does the "above average" living area ranking on the street indicate?
It means that compared to the 95 homes on Redonda Street used in the comparison, this home has more interior square footage than roughly 80% of them. On its own street, it is a relatively spacious property.

5. Given it was built in 2000, are there any major components nearing replacement?
A 24-year-old home is likely to have original major components like the roof, furnace, and water heater. A pre-purchase inspection is highly recommended to assess the remaining lifespan of these items and plan for potential future updates.