Property Overview: 241 George Marshall Way, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This is a compact, late-1990s bi-level home on a modest lot in Canterbury Park. Its primary appeal lies in being a relatively modern, low-maintenance entry point into the Winnipeg market. The home features a renovated basement, adding valuable finished living space to the 895 sqft main floor footprint. While its living area and lot size are below average for the immediate street, neighborhood, and city, it compensates with a younger build year—it's newer than 95% of homes on its street. The recently sold price and assessed value are notably below city averages, indicating a property positioned for first-time buyers, investors, or downsizers seeking affordability without an older home's major system concerns. It suits a practical buyer who prioritizes a solid, modern foundation and a renovated basement over square footage or expansive outdoor space. A thoughtful perspective: this home represents a "value-over-size" proposition, where the investment has gone into updates and a newer structure rather than raw space, making it efficient and manageable.

Frequently Asked Questions

1. Is the lot size a significant drawback?
The land area is smaller than most comparable properties. This means lower maintenance and potentially lower property taxes, but offers limited space for expansions, large gardens, or extensive outdoor recreation.

2. What does "renovated basement" typically include in a home of this age?
While specifics require a viewing, in a 1997 bi-level, this likely means updated finishes like flooring, paint, and lighting, and possibly moisture-proofing or insulation improvements common in basements of this era.

3. How does the year built (1997) benefit a buyer?
A home built in 1997 generally means more modern wiring, plumbing, insulation standards, and window efficiency than much of Winnipeg's older housing stock, potentially reducing immediate repair costs and utility bills.

4. Who might this property not suit?
It may not suit buyers needing multiple large bedrooms, dedicated home office spaces, or those who desire a large yard for gardening or children's play. The layout and square footage are best for individuals, couples, or small families.

5. The assessed value seems low. Does that indicate a problem?
Not necessarily. Assessed value is for municipal tax purposes and is influenced heavily by the home's modest size and lot. The recent sale price aligns with this assessment, confirming its market position as an affordable, compact property.