Property Overview: 18 Gables Court, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This is a two-storey home built in 1976, situated on a quiet court in Canterbury Park. Its primary appeal lies in its relative size and value within its immediate locale. With 1,144 sqft of living space, it is notably larger than most homes on Gables Court, and it sits on a lot that is also above the street average. The home features a renovated basement, adding functional space. However, the broader context is important: for the wider Canterbury Park neighbourhood and the city of Winnipeg overall, both the lot size and living area are at or below average, presenting a more modestly scaled property.
Its assessed value is above average for its street but below average for the neighbourhood, suggesting it may offer good value for someone wanting to be on this specific block. The lack of a garage is a consideration. This home would suit a first-time buyer, downsizer, or value-focused investor looking for a solid footprint in a settled, low-traffic area without paying a premium for a larger neighbourhood lot. It’s a property that shines in its micro-location but requires a buyer to be comfortable with its more modest standing in the broader area.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes a legal secondary suite or additional bedrooms.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess the driveway capacity and on-street parking availability, and factor in the cost of adding a shed or other storage solutions.
3. The assessed value seems low. What does this mean for property taxes?
Yes, the assessed value is below city and neighbourhood averages. This typically translates to lower annual property taxes, which is a financial positive, though the municipal mill rate is the final determinant.
4. The home is "larger than average" for the street but "average or below" for the area. How should I interpret this?
This indicates Gables Court consists of relatively compact homes. You're getting more house than your immediate neighbours might have, which is good for resale on this court. However, if comparing to the entire Canterbury Park community, your home is of a standard or slightly smaller size.
5. It last sold in 2016. Is that a concern?
Not inherently. A long ownership period can indicate a stable, well-maintained home. It does, however, make a thorough inspection important to assess the condition of major aging components like the roof, windows, and heating system.