Property Overview: 27 Tunbridge Bay, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated bi-level home at 27 Tunbridge Bay presents a compelling opportunity in Winnipeg's Canterbury Park neighbourhood. Its primary appeal lies in the combination of a generous, above-average lot and a home that is notably newer than most in the immediate area.

The property stands out statistically within its own street and local context. It sits on a 7,423 sqft lot, which is significantly larger than most neighbouring properties. Crucially, the home was built in 2000, making it decades newer than the typical home on Tunbridge Bay and in the wider city. This suggests modern construction standards and potentially fewer immediate major repairs. The home features a renovated basement, a detached garage, and a private pool, catering to practical needs and leisure.

This property would suit buyers looking for a established, quiet street but in a home that feels more contemporary. It’s ideal for someone who values outdoor space and privacy (evident from the large lot and pool) and prefers the layout of a bi-level. The data indicates you are purchasing a property that ranks highly on its own street for lot size, age, and value—a less obvious but important perspective for long-term investment and neighbourhood standing.

Section 2: Frequently Asked Questions

1. How does the living area compare to the lot size?
While the lot is exceptionally large for the area, the living space (1,387 sqft) is comfortably average for both the neighbourhood and city. This creates a balanced dynamic of substantial outdoor space without an excessively large home to maintain.

2. The assessed value seems low. Is that accurate?
The assessed value of $49.70k is a municipal valuation for tax purposes and is consistently ranked in the top tier for the street. It should not be confused with market value or sale price, which are determined by recent comparable sales, buyer demand, and the current market.

3. What does the "Elite" ranking for Year Built mean?
This indicates that, among the 35 comparable properties on Tunbridge Bay, a 2000 build year is the newest or among the very newest. For a buyer, this is a key advantage, suggesting newer major systems (like plumbing, electrical, and insulation) compared to the area's average home built in the 1970s.

4. Are there any insights from the last sale?
The home sold in January 2022 for $49.50k, which aligns closely with its current assessed value. This recent transaction provides a clear, concrete benchmark for its market value at that time.

5. What is the significance of the large lot?
Beyond privacy and space for a pool and garden, a lot size that is in the top 9% for the street is a permanent, unchangeable asset. It offers potential for future expansion (subject to bylaws) and typically contributes to stable property value, as it is a feature that cannot be replicated on neighbouring, smaller lots.