Property Overview: 251 George Marshall Way, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 251 George Marshall Way presents a practical and updated living space within a well-established Winnipeg neighbourhood. Its key characteristics include a renovated basement, a detached garage, and a notably newer construction date (1997) compared to many homes on its street and across the city. The living area of 968 sq ft is compact, offering efficient and manageable space.

The primary appeal lies in its modern foundation relative to its immediate surroundings and its move-in-ready condition with a finished lower level. It sits on a smaller, low-maintenance lot, which is a trade-off that reduces yard work but also places it below the area average for land size. The home’s assessed value and recent sale price position it as an around-average value proposition for Canterbury Park, suggesting a stable, mid-market investment.

This property would best suit first-time homebuyers, downsizers, or investors seeking a modernized, low-maintenance property without a premium price tag. It’s ideal for those who prioritize updated interiors and a newer building envelope over expansive living and yard space. A thoughtful perspective is that while the lot is smaller than many, the home’s newer age could mean fewer major system replacements in the near term compared to older stock, offering a different kind of value.

Section 2: Frequently Asked Questions

1. How does the home’s age compare to others?
Built in 1997, this home is newer than most on its specific street (ranking in the top 5%) and is above the citywide average. In the broader Canterbury Park neighbourhood, its age is about average.

2. Is the lot size a concern?
The land area of 3,150 sq ft is below the average for Canterbury Park and Winnipeg. This means less private outdoor space but also less maintenance. It’s a practical fit for those not wanting extensive yard work.

3. What does the “around average” assessed value indicate?
The assessed value is typical for the home’s street, neighbourhood, and city. This suggests the property is priced in line with market fundamentals for its type and area, neither significantly under nor over-valued based on official assessment.

4. The living area seems modest. How does it compare?
At 968 sq ft, the above-ground living space is below the neighbourhood and city averages. This confirms the home is a more compact, efficient layout, with the renovated basement providing additional finished space.

5. What is indicated by the significant price increase between the 2017 and 2021 sales?
The jump from approximately $30,700 in 2017 to $370,000 in 2021 likely reflects a substantial renovation or addition (such as the basement renovation noted) completed during that ownership period, fundamentally changing the property’s value and livable space.