Property Overview: 52 Renshaw Boulevard, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This property at 52 Renshaw Boulevard presents a notable opportunity in Winnipeg’s Canterbury Park neighbourhood. Its primary appeal lies in the land itself—a 2,507 sqft lot that ranks within the top 3% for size in the immediate area, suggesting valuable outdoor space or redevelopment potential in a well-established community. The home’s assessed value of $11,100k is significantly lower than all listed comparable properties in Canterbury Park, which are assessed from $13,500k to $16,100k. This substantial gap may indicate an entry point into a desirable neighbourhood or a property in need of modernization, appealing to value-conscious buyers, investors, or those looking for a project.

The home would suit a practical buyer who prioritizes location and lot value over move-in-ready condition. It’s a candidate for someone comfortable with renovations, an investor seeing long-term potential, or a buyer seeking to build equity through improvements. A less obvious perspective is its appeal to those who value established, tree-lined streets over newer subdivisions, as the older ranking for year built suggests a mature setting. The rankings indicate the property itself (living area, year built) is older and more modest compared to the neighbourhood, but the lot size and location are standout features, creating a unique value proposition.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment often reflects a property’s current condition, age, or specific features that differ from updated comparables. It typically suggests a home that may require investment in updates or repairs.

2. What does the lot size ranking mean for me?
Ranking in the top 3% for lot size in Canterbury Park means this property offers more land than the vast majority of its neighbours. This could allow for a larger yard, garden space, patio, or future expansion where smaller lots might not.

3. Is this a good neighbourhood?
Canterbury Park appears to be a stable, established Winnipeg neighbourhood. The provided comparables all show substantially higher assessed values, indicating that the area is generally desirable and properties hold significant value.

4. What isn’t listed about the home’s features?
The listing does not specify details like the number of bedrooms or bathrooms, the presence of a basement or garage, or the interior living area. These are critical details to request, as they significantly impact livability and value.

5. Who would this property not be suitable for?
It is likely not a fit for buyers seeking a turnkey, modern home without renovation work. Given the lack of listed features and lower assessment, it may also not suit those with strict financing or appraisal constraints, as lenders may have specific requirements.