Property Overview
This one-storey home at 23 Romance Lane in Canterbury Park is a study in contrasts. Its key appeal lies in a desirable, established neighbourhood combined with a home that offers modern, low-maintenance living. Built in 2011, it is notably newer than most homes in Canterbury Park and across Winnipeg, suggesting updated building systems and less immediate worry over major repairs. The renovated basement adds valuable finished space, and the attached garage is a practical asset. However, with a living area of 1,221 sqft, it is the smallest home on its street, indicating an efficient, likely easier-to-maintain footprint rather than a sprawling layout.
The property suits first-time buyers or downsizers seeking a modern, single-level floorplan in a mature neighbourhood without the upkeep of an older house. Its citywide above-average assessed value reflects the premium for a newer build in a good area. A thoughtful perspective is that while the home itself is compact, the land parcel is a standard size for the area, offering balanced outdoor space without excessive yard work. The data suggests you are buying primarily for the location and the age/condition of the structure, not for square footage.
Frequently Asked Questions
Is this a good value for the neighbourhood?
The assessed value is above average citywide and typical for Canterbury Park, reflecting the premium for a home built in 2011. Compared to older homes on the street, you are paying for modern construction and a renovated basement.
Why is the living area noted as below average for the street?
At 1,221 sqft, it is the smallest home on Romance Lane. This indicates a more efficient or compact design, which can mean lower utility costs and less upkeep, but may feel cozy for some.
What does "renovated basement" typically include here?
While exact finishes aren't specified, in a 2011 home this usually means a legally developed, finished lower level with proper ceilings, flooring, and electrical, adding functional living or recreational space.
How does the year built affect insurance or maintenance?
A 2011 build is a significant advantage. It likely means modern plumbing, wiring, and insulation, which can lead to lower insurance premiums and far fewer major maintenance issues compared to the neighbourhood average (1997) or city average (1966).
The home sold for much less in 2016. What does that indicate?
The 2016 sale price is a historical data point and reflects the market conditions and the home's condition at that time. The current assessed value considers market appreciation and the subsequent basement renovation.