51 Altomare Place

Property Overview: 51 Altomare Place, Canterbury Park

Section 1: Key Characteristics & Appeal

This two-storey home in Canterbury Park is a practical and updated property built in 1995. Its key feature is a renovated basement, adding valuable finished living space to the 1,340 sqft main footprint. The home sits on a 4,280 sqft lot with an attached garage, positioning it as a manageable, low-maintenance property within a mature neighbourhood.

The appeal lies in its balance of updates and established community. The renovated basement offers immediate utility without the need for a major project. While the lot size is slightly below average for its immediate street, it is very typical for the wider Canterbury Park area, suggesting a neighbourhood of consistent scale. The home’s year built is a relative strength, being newer than most in Winnipeg, which can imply modern construction standards and potentially fewer near-term major replacements.

This property would suit first-time buyers or downsizers seeking a turn-key home with modernized living space. It’s also a sensible match for value-conscious buyers who prioritize a renovated interior over having the largest lot on the block. The data suggests it offers solid value within its local market context.

Section 2: Frequently Asked Questions

1. Is the lot size a disadvantage?
While the land area is below the street average, it is squarely around the average for the Canterbury Park neighbourhood. This indicates the street has some larger lots, but the property itself is typical of the community, offering a standard yard size for the area.

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, permitted status, and how it adds to the home’s living and functional space.

3. How does the assessed value relate to market price?
The last assessed value was $41.50k, and it sold for that same amount in July 2021. It is crucial to note that assessed value for tax purposes is not a direct indicator of current market value. A professional comparative market analysis is essential to determine today’s listing or sale price.

4. Is the home older than it seems?
Built in 1995, the home is actually newer than over 80% of Winnipeg’s housing stock. This is a positive point, but it still means major components like the roof, windows, or HVAC system could be nearing the end of their typical lifespan and should be inspected.

5. What is the neighbourhood context of Canterbury Park?
The data shows the home’s metrics (like living area and assessed value) are consistently around the neighbourhood average. This suggests Canterbury Park is a stable, established area without extreme highs or lows, which can be appealing for long-term value and predictability.