Property Overview & Appeal
This well-situated one-storey home at 2 Chaucer Place in Canterbury Park presents a practical opportunity with distinct advantages. Its key characteristic is a generous 6,537 sqft lot, which is notably larger than most in both the neighbourhood and city-wide, offering ample outdoor space. The home itself, built in 1984, is newer than many on its street and in Winnipeg overall. While the living area is a comfortable 1,088 sqft, the standout feature is the renovated basement, adding valuable finished space. The property includes a detached garage.
Its appeal lies in this balance of a mature, established neighbourhood with a home that has seen updates, particularly below grade. The lot size is a significant asset for privacy, gardening, or future expansion. It would suit first-time buyers or downsizers looking for single-level living without sacrificing yard space, or value-focused buyers who see potential in the existing structure paired with an above-average lot.
A thoughtful perspective: the home’s assessed value is modest relative to its street, which can indicate a favourable tax position, while the recent sale history suggests a stable market entry point. The renovated basement adds immediate livable space, making it move-in ready for those needing more room than the main floor alone provides.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key feature. At over 6,500 sqft, it is larger than the average lot in Canterbury Park and across Winnipeg, offering more private outdoor space than many comparable homes.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and scope of the renovation.
3. Is the property newer than others in the area?
Yes. Built in 1984, it is newer than most homes on its immediate street and is also above the city-wide average for age, which can be appealing for systems and structure.
4. How do the past sale prices inform the current value?
The home sold for $270K in 2019 and $280K in 2016. This history shows price stability and provides a benchmark, but current market conditions and the renovated basement will be the primary drivers of today’s value.
5. What is the significance of the detached garage?
A detached garage provides secure parking and storage. It also offers flexibility for use as a workshop or hobby space, separate from the main house.