Property Overview
This single-storey home at 68 Alex Taylor Drive in Winnipeg's Canterbury Park neighbourhood presents a specific and practical value proposition. Built in 1986, its primary appeal lies in its generous, above-average lot size within a mature community, paired with a recently renovated basement. The living space, at 880 sqft, is compact, indicating a home focused on efficiency rather than spaciousness. This combination makes it a candidate for land-value appreciation and functional living rather than immediate luxury.
Key Characteristics & Ideal Buyer
The standout feature is the land. At nearly 5,900 sqft, the lot size is significantly larger than most in Canterbury Park and across Winnipeg, offering ample outdoor space for gardening, recreation, or future expansion. The renovated basement adds crucial functional living area, effectively doubling the usable space despite the modest main floor square footage. With no garage, parking is street-level.
This property suits pragmatic buyers looking for a foothold in a stable neighbourhood. It’s ideal for a first-time homeowner comfortable with a cozy main floor who values private outdoor space, or an investor seeking a property where the land asset is a strong component of its value. It would also appeal to downsizers who want a manageable interior but still desire a substantial yard.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes, particularly for rental potential.
2. How does the lack of a garage affect property value and daily life?
While the lot size is a positive, the absence of a garage means all parking is on-driveway or street. This is a practical consideration for vehicle security and storage, especially during Winnipeg winters, and may influence value compared to nearby homes with garages.
3. The home seems small relative to the lot. Is there potential to expand?
The significant lot size does create potential for a future addition or expansion, subject to local zoning bylaws and setback requirements. The existing footprint leaves considerable room for a larger home or structure.
4. The assessed value seems low. Why is that?
Property assessments are for municipal tax purposes and are based on mass appraisal models. The sale price and market value can differ. The lower assessment primarily reflects the home's compact size and modest finishes compared to the land value.
5. What is the character of Canterbury Park like?
Canterbury Park is a mature, established neighbourhood from the 1980s. It offers a blend of original homeowners and new families, with a practical, no-frills community feel. The lot sizes on Alex Taylor Drive are generally larger than in newer subdivisions.