107 Gables Court

Property Overview: 107 Gables Court, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1976, presents a straightforward opportunity in Winnipeg's Canterbury Park neighbourhood. Its key characteristic is its modest scale, with a 986 sqft living area that is typical for its immediate street but below the neighbourhood and city averages. The lot size of 1,600 sqft is notably compact, ranking in the bottom tier for the area. The home has an unfinished basement and no garage.

The primary appeal lies in its accessibility and potential. With a historically low sale price and assessed value significantly below averages at every level—street, neighbourhood, and city—this property represents one of the most entry-level points into homeownership in Winnipeg. It suits a very specific buyer: a first-time purchaser, an investor, or a downsizer with limited capital who prioritizes getting into the market over move-in readiness or space. The home’s age, while older than most in Canterbury Park, is actually the newest on its street, suggesting it might be relatively well-positioned within its own micro-market for basic upkeep. This isn't a home for those seeking luxury or ample room; it’s a pragmatic foundation for someone willing to live modestly and possibly build equity through gradual improvement.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than other homes?
The assessed value reflects the property's specific characteristics: a smaller lot, compact living space, lack of a garage, and an unfinished basement. Compared to broader area averages, these factors place it at a lower valuation tier.

2. What type of renovation would be most critical?
Given the home's age and the presence of an unfinished basement, a thorough inspection of major systems (roof, foundation, plumbing, electrical) is the essential first step. Any cosmetic updates would come after ensuring these core elements are sound.

3. Is there potential to increase the living space?
The unfinished basement presents the clearest opportunity to add functional living space, subject to local building codes and the necessary investment for finishing.

4. How does the lack of a garage affect daily living?
Prospective buyers should consider their need for vehicle storage, workshop space, and comfort during Winnipeg winters. On-street parking availability and local bylaws would be important to investigate.

5. The home sold for $20.5k in 2021. What does that indicate?
This very low sale price, consistent with the low assessed value, confirms the property's position as a fundamental, no-frills asset. It underscores that its value is primarily in the land and the basic structure, making it a unique case study in market entry points rather than a typical family home transaction.