Property Summary: 31 Foxborough Road, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This four-level split home, built in 1985, stands out primarily for its generous and private lot. The property's land area of 8,692 sqft is notably larger than most, placing it in the top 10% on its own street and the top 3% within the desirable Canterbury Park neighbourhood. This offers significant space for gardening, recreation, or future expansion. The home itself features a renovated basement and a detached garage, with a living area of 1,490 sqft that is comfortably average for the area. Its most recent sale in early 2022 was at a price well above the neighbourhood average at the time, suggesting strong perceived value.
The appeal lies in securing an above-average lot in an established community, a feature that is increasingly rare. It suits buyers looking for a solid, character home in a mature neighbourhood who prioritize outdoor space and privacy over a brand-new build. It’s a practical choice for those who see value in the underlying land and are comfortable with a home of this vintage, possibly viewing it as a solid foundation for personal updates over time.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The lot is significantly larger than most. It ranks in the top 3% within Canterbury Park, meaning only a handful of properties in the entire neighbourhood offer more land.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $390k. The home sold for $440k in January 2022, which was above average for the area at that time, indicating the market has recently valued it higher than its assessment.
3. What does the "four-level split" layout mean for daily living?
This style typically features multiple short flights of stairs separating living, sleeping, and utility areas. It offers good separation of space but may be less suitable for those seeking single-level living or with significant mobility concerns.
4. How does the age of the home (1985) compare to the neighbourhood?
The home is slightly newer than the average on its street but is older than the average for the broader Canterbury Park area. This suggests it's in a well-established part of the neighbourhood where homes are of a similar vintage.
5. What is the context of the 2018 sale price?
The home sold for $300k in March 2018. The jump to $440k in 2022 reflects the strong market appreciation during that period and potentially the value buyers placed on the renovated basement and the premium lot size.