Property Overview & Key Characteristics
This one-storey home at 106 Gables Court in Canterbury Park is a practical property with a clear value proposition. Its primary appeal lies in its generous, established lot—at 2,799 sq ft, it's larger than most in the immediate area—offering room for gardening, play, or future expansion. Built in 1976, the house itself is a modest 900 sq ft and includes an unrenovated basement, presenting a classic "blank canvas" opportunity. There is no garage or pool.
The home suits first-time buyers or practical investors looking for an entry point into the Winnipeg market with land to work with. It’s also a fit for downsizers or those seeking a single-level living arrangement who value outdoor space over a large interior. A thoughtful perspective is that, while the living area is below average for the neighbourhood, the lot size is a relative premium for the street, suggesting the land itself is a key asset. The recent sale price indicates it was perceived as offering good value within its immediate locale.
Frequently Asked Questions
1. What is the potential for adding on or renovating?
The lot size is well above the street average, providing good scope for a future addition, deck, or garden suite, subject to city bylaws. The existing basement offers additional raw space to develop.
2. How does the assessed value relate to the sale price?
The property sold for significantly more than its assessed value, which is common. The assessment is for taxation purposes, while the sale price reflects current market demand, the value of the lot, and the condition of the home.
3. What does the "unrenovated basement" typically mean?
It generally indicates a basement in original or functional condition, likely with concrete walls and floors, basic finishes, and ready for the buyer's personal vision and investment.
4. Is the lack of a garage a major concern?
For some buyers, yes. However, the large lot provides ample space to add a parking pad or future garage. This is a common trade-off in older neighbourhoods where land is used for the house and yard.
5. How does this home compare to others in Canterbury Park?
It's a more compact and older home on a good-sized lot for the street. Compared to the wider neighbourhood, which has larger, newer homes on bigger lots, this property is a more affordable and land-efficient option within the area.