193 Chadwick Crescent

Property Overview: 193 Chadwick Crescent, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2008, presents a compelling blend of modern age and established neighbourhood living. Its key appeal lies in its relative newness compared to most Winnipeg housing stock, offering a home likely requiring less immediate major maintenance. With 1,775 sqft of living space, it provides above-average roominess for both its immediate street and the broader Canterbury Park area, situated on a standard 5,006 sqft lot with an attached garage.

The property’s standout characteristic is its construction year, ranking in the top 5% newest homes on its street. This is a significant advantage for buyers seeking a more contemporary layout and building systems without venturing into brand-new, often more peripheral, subdivisions. The home sits in a comfortable middle ground—not the largest or most expensive on the block, but offering solid space and modern foundations. It would suit first-time buyers looking for a move-in-ready, low-hassle property, or downsizers from larger, older homes who still desire ample space and a newer build. The unrenovated basement presents a clean slate for future customization, adding potential value for a handy buyer.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The home is newer than most in Canterbury Park and Winnipeg overall. Its living space is generously sized for the neighbourhood, though its lot and assessed value are more in line with local averages. It represents a balanced option—offering modern advantages without being an outlier in price for the street.

2. What does the "unrenovated basement" imply?
It means the basement is functional but in its original state from 2008. It’s a blank canvas, which can be a positive (no need to undo someone else’s dated renovation) but will require investment to finish. Buyers should budget for this project and have the space inspected for moisture and insulation.

3. The last sale was in 2019 for $392k, but the assessed value is now $489k. What does this mean?
The 2019 sale price is a historical data point. The current assessed value is the city’s estimate for taxation purposes as of its last valuation cycle. Market value is determined by current buyer demand, but the increase suggests the city sees the property’s taxable worth has grown, which often correlates with market trends.

4. Is the lot size a pro or a con?
It depends on preference. At just over 5,000 sqft, it’s a manageable size for maintenance—less time mowing and gardening than a larger lot, but still offering decent outdoor space. It’s typical for the street, so it shouldn’t negatively impact resale value for the area.

5. What’s a less obvious thing to consider about this property?
Consider the "neighbourhood lifecycle." Built in 2008, this home is in a mature area but is itself relatively young. This often means the surrounding trees and landscaping are established, providing a settled feel, while the house itself hasn’t yet reached the age where major components (like roof, furnace) typically need replacement, offering a window of predictable costs.