Property Overview

This home at 24 William Gibson Bay in Canterbury Park presents a solid, well-positioned offering in the Winnipeg market. Built in 2002, it is a notably newer construction compared to the city's average home. The property features an attached garage and a renovated basement, adding functional living space to its 1,470 square foot layout. Its appeal lies in its balance: it offers modern systems and updates without being a brand-new build, potentially avoiding some of the premium pricing and initial issues of very recent construction. The lot size is generous for the neighbourhood, and the assessed value sits above average for both Canterbury Park and Winnipeg overall, suggesting a history of maintained or improved value.

This home would suit practical buyers looking for a move-in-ready property that requires no major immediate work, particularly first-time homeowners or downsizers who value the low-maintenance aspect of a 24-year-old home with recent renovations. It’s also a sensible fit for those who prioritize a stable, established neighbourhood like Canterbury Park over trendier, more volatile areas.

Frequently Asked Questions

Is the lot size typical for the area?
Yes. The 4,552 sqft lot is very close to the average for both William Gibson Bay and the wider Canterbury Park neighbourhood, meaning it fits right in without feeling cramped or excessively large.

How does the home’s age affect its value?
Being built in 2002 makes it a newer home by Winnipeg standards, which is a positive factor. This often means more modern building materials, electrical, and plumbing systems, potentially reducing near-term repair costs compared to much older homes.

What does "above average assessed value" really indicate?
The assessed value is above the averages for both the neighbourhood and the city. This typically reflects the property's condition, improvements (like the renovated basement), and desirability within its market context, not just its size or age.

Who might this home not be suitable for?
Buyers seeking a very large or expansive floor plan, or those wanting a brand-new, custom-built home may find the living area and early-2000s layout less appealing. It’s a comfortable, updated family home rather than a luxury statement.

Is the sale price from 2021 relevant today?
The last sale price from late 2021 provides historical context, but the current market value is primarily guided by the more recent assessed value and current market conditions. It shows a pattern of stable ownership but should not be used alone to determine today's price.