Property Overview
This two-storey home at 41 Gables Court in Canterbury Park is a compact, no-frills property that presents a specific value proposition. Built in 1976, it sits on a roughly 2,500 sqft lot and offers 986 sqft of living space. Key features include a renovated basement and no garage. The home’s recent sale history and assessed value are significantly below city-wide averages, highlighting its position as an entry-point property.
Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and functional updates within a stable, established neighbourhood. Its renovated basement adds valuable finished space, increasing its utility beyond the modest main living area. The lot size is typical for its immediate street, offering a manageable outdoor space without extensive upkeep.
This property would best suit first-time buyers or investors seeking a straightforward, lower-cost entry into the Winnipeg market. It’s a practical choice for those comfortable with a smaller footprint who prioritize financial accessibility over modern size or amenities. A less obvious perspective is its potential for someone looking to minimize property tax and maintenance obligations, as the below-average assessed value translates to ongoing cost savings. Its "around average" status on its own street suggests it fits neatly into the local context, avoiding the risk of being over-improved for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's smaller size, age, and the below-average values for the Canterbury Park neighbourhood overall compared to the wider city.
2. What does "renovated basement" typically mean here?
While specifics aren't listed, in homes of this era and price point, this usually indicates finished living space, possibly with a secondary room, bathroom, or recreational area. Verification of permits and the scope of work is always advised.
3. Is the lack of a garage a major drawback?
It depends on the buyer. For some, it's a significant inconvenience. For others, it keeps the purchase price and maintenance costs lower, and the lot may allow for the addition of a shed or future garage, subject to local bylaws.
4. How does the sale history inform an offer?
The home sold for $22.4k in 2023 and $19.9k in 2020. This recent activity provides clear, comparable data points for valuation, suggesting a stable, lower-price market for this specific property.
5. Who is this neighbourhood good for?
Canterbury Park is an established area. This street, with its consistent lot sizes and older homes, offers a quiet setting that may appeal to those seeking an affordable, no-surprises community without new development density.