35 Bill Larkin Lane

Property Overview: 35 Bill Larkin Lane, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2016, presents a modern and low-maintenance living opportunity in the established Canterbury Park neighbourhood. Its key appeal lies in a combination of relative newness and a renovated basement, offering move-in-ready comfort. The lot size is notably above average for the immediate street, providing more outdoor space than many neighbouring properties.

The home suits first-time buyers or downsizers seeking a modern build without the wait or uncertainties of new construction. It’s also a practical fit for professionals who value the attached garage and the updated basement space, which can serve as a family room, home office, or gym. A thoughtful perspective is that while the living area is average for the street, it ranks above average for both the neighbourhood and the wider city, suggesting you get more interior space here than in many other Winnipeg homes. The consistent above-average assessed value across all comparison levels indicates a property that has held its worth well in the market.

Section 2: Frequently Asked Questions

Q: How does the property’s age compare to the area?
A: Exceptionally well. Built in 2016, it is in the top 5% of homes on its street and the top 10% in Canterbury Park for newness, meaning it’s among the newest homes available in this mature area.

Q: Is the lot size typical?
A: The 5,063 sqft lot is above average for Bill Larkin Lane specifically (top 22%), offering more yard space than most direct neighbours. It is competitively sized within the broader neighbourhood as well.

Q: What does the assessed value ranking tell me?
A: The assessed value is consistently above average—on the street, in the neighbourhood, and citywide. This suggests the property is financially aligned with, or slightly exceeds, the norm for similar homes in each category, which can be a marker of stable value.

Q: Has the property’s value increased?
A: Based on the provided sale history, the home sold for $35.8k in 2016 and then for $49.3k in 2021. This indicates significant appreciation over that five-year period.

Q: What are the less obvious considerations?
A: Two points stand out. First, while the home is newer, the surrounding neighbourhood is established, so infrastructure like trees and community amenities are likely well-developed. Second, the living area is more spacious than over 70% of Winnipeg homes, which isn't immediately obvious from the square footage alone and is a key advantage compared to the wider market.