Property Overview: 63 Corliss Crescent, Canterbury Park

Section 1: Key Characteristics & Appeal

This bi-level home at 63 Corliss Crescent presents a practical opportunity in Winnipeg’s Canterbury Park neighbourhood. Its key features include a renovated basement, a detached garage, and a notably generous 5,278 sqft lot that ranks well above average for both the immediate street and the wider area. Built in 1986, the home itself is of a modest 1,049 sqft, which is smaller than many direct neighbours but aligns with broader city averages.

The primary appeal lies in its land value and potential. The large, above-average lot offers room for expansion, gardening, or outdoor living—a relative rarity that adds long-term value. The renovated basement adds immediate functional living space. This property suits value-conscious buyers, including first-time homeowners or downsizers, who prioritize land size over a large existing footprint and are comfortable with a home that may require updates. It’s also a sensible option for investors or handy buyers who see the underlying lot value and the potential to increase the home’s value over time through strategic improvements.

Section 2: Frequently Asked Questions

1. Is the lot size a major advantage?
Yes. The property’s lot is in the top 25% for the neighbourhood, meaning you’re getting more land than most nearby homes. This provides privacy, space for additions like a deck or shed, and is a permanent feature that enhances resale value.

2. The living space is noted as smaller than others on the street. How does that impact daily life?
The home’s efficient bi-level layout and renovated basement help offset the main floor square footage. It’s well-suited for smaller households or those who prioritize low-maintenance living. The trade-off is more yard space for the price.

3. What does the assessed value tell us?
The assessed value is below average for Corliss Crescent but average for the city. This can sometimes indicate a pricing opportunity, as the valuation may not fully capture the premium lot size or recent renovations. It’s a good starting point for discussion with your real estate agent.

4. The home sold in late 2023. What should I consider?
As a relatively recent sale, it suggests the current market price is likely informed by recent data. It’s wise to have your agent investigate why it was sold previously and what, if any, changes have been made since.

5. Who would this property not suit as well?
Buyers needing substantial move-in-ready space or multiple large bedrooms may find the current layout limiting. Those unwilling to consider future renovations to maximize the lot’s potential might not fully benefit from this property’s best attribute.