Property Overview
This 1985 bi-level home at 156 Alex Taylor Drive in Canterbury Park presents a practical opportunity. Its key appeal lies in its balance of a renovated basement, an attached garage, and a 5,000 sqft lot that is proportionally generous for the home's size. The living space (898 sqft) is compact, positioning this as an efficient, lower-maintenance property. Its assessed value is consistently around the average for its immediate street and wider area, suggesting a stable, non-speculative investment.
The home would suit first-time buyers or downsizers seeking a solid entry into the Winnipeg market without a major renovation project. It also appeals to value-oriented investors or hands-on owners who see potential in the renovated basement and the larger lot—a canvas for future expansion or landscaping, which is a less obvious advantage given the home's modest footprint.
Frequently Asked Questions
1. Is the living area too small?
At 898 sqft, the above-ground living area is below average for the area. However, the presence of a renovated basement effectively doubles the usable space, making the home more functional than the main floor square footage alone suggests.
2. How does the lot size compare?
The 5,000 sqft lot is a standout feature. It is larger than many in the neighbourhood and city-wide, offering more outdoor space than is typical for a home of this size and value.
3. What do the sale price histories indicate?
The property sold for $410k in early 2022 and $36.5k in early 2023. The 2023 sale price is consistent with the current assessed value and appears to be a data anomaly or non-arms-length transaction. The 2022 figure is a more reliable indicator of its recent market value.
4. Is the age of the home (built 1985) a concern?
The home is of average age for its street but is newer than the city-wide average. This suggests major components may have been updated over time, but a standard inspection for a home of this vintage is recommended.
5. Who would this property not suit?
It may not fit growing families needing immediate, ample above-ground bedroom space or those seeking a move-in-ready home with modern, open-concept layouts. The bi-level design and compact main floor require a functional use of the basement level.