Property Overview: 91 Peter Sosiak Bay, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2005, presents a well-maintained and modern option within its neighbourhood. Its key appeal lies in its balance of space and relative value. With 1,748 sqft of living area, it offers more interior space than most comparable homes on its street, in Canterbury Park, and across Winnipeg. The property also features a renovated basement and an attached garage.

The home’s standout characteristic is its age; it is one of the newest homes on Peter Sosiak Bay, placing it in an elite category for the street. This suggests updated building standards and potentially lower immediate maintenance costs compared to older stock. However, the lot size is slightly below average for the immediate area, which may appeal to buyers seeking a manageable yard without sacrificing interior space.

This property would suit first-time buyers or small families looking for a move-in-ready home in a mature neighbourhood without the quirks and renovation projects of an older house. It’s also a pragmatic choice for value-conscious buyers who prioritize a modern, spacious interior over having the largest lot on the block. The below-average assessed value for the street indicates a potential value opportunity, assuming the condition aligns with the rankings.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
At 4,394 sqft, the lot is slightly smaller than the average on Peter Sosiak Bay. This typically means less yard maintenance but may offer less private outdoor space than some neighbours. The trade-off is a notably larger-than-average living area inside the home itself.

2. What does the "elite" ranking for the year built mean?
Built in 2005, this home is newer than 96% of the properties on its street. In practical terms, this often translates to modern electrical systems, plumbing, insulation standards, and building materials, which can mean greater energy efficiency and fewer major system replacements in the near term.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. The current assessed value is a municipal figure for tax purposes. It’s noteworthy that it’s below the street average, while the home’s last recorded sale price in 2016 was also below average for the area. This history suggests the property may often be positioned at a more accessible price point, but the current market will determine the final sale price.

4. Who might this home not suit?
Buyers seeking a very large, expansive yard for gardening or recreation may find the lot size limiting. Similarly, those looking for a historic character home or a fixer-upper project would likely find this property too modern and updated.

5. What is the context of the Canterbury Park neighbourhood?
Canterbury Park is a mature, established neighbourhood. This home, being newer, is an exception on its street. Buyers benefit from established trees and community amenities, but in a home that feels contemporary. The rankings show the home is more spacious and newer than most in the wider area, offering a distinct profile within the community.