Property Overview: 140 Chadwick Crescent, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical and well-situated property built in 2008, offering modern construction in a mature neighbourhood. Its key appeal lies in its balance: it provides a newer build year (ranking in the top 5% on its street) while maintaining a manageable scale and lot size. The attached garage and existing basement present clear functional benefits, with the basement offering potential for future customization.
The property would suit first-time buyers or downsizers looking for a low-maintenance, single-family home without the concerns of an aging structure. It’s also a sensible fit for value-conscious buyers who prioritize a modern foundation over immediate move-in perfection, as the home presents an opportunity to renovate and personalize over time, particularly the basement. The lot size is generous for the area, providing good outdoor space without being overwhelming to maintain.
A less obvious perspective is its assessed value positioning. While it appears below average for its immediate street, it is above average citywide. This suggests it sits in a desirable enclave where property values are generally higher, meaning you're buying into a solid location with the benefit of a home that hasn't been fully monetized through renovations.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is unfinished or has only basic, original finishes. It’s a blank canvas for future development, which can be a cost-saving advantage if you have specific plans.
2. How significant is the 2008 build year?
Very significant in a Winnipeg context. Compared to the citywide average home built in 1966, this property is decades newer, suggesting modern building codes, materials, and likely greater energy efficiency and fewer major system replacements in the near term.
3. The assessed value seems low. Why?
The displayed "45.70k" is not the market value; it is a historical assessment figure used for property tax calculations. Market value is determined by recent sales of comparable homes. The last recorded sale was in 2016 for $353,000.
4. Is the living space sufficient for a family?
At 1,481 sqft, it is slightly below the average for its immediate street but above the averages for the wider neighbourhood and city. It is a comfortable size for a small to medium-sized family, typical of many well-utilized Winnipeg homes.
5. What is the neighbourhood like?
Canterbury Park is an established area. The data shows homes here generally have larger lot sizes and are newer than the Winnipeg average, indicating a stable, sought-after community with a mix of original and refreshed properties.