Property Overview & Key Characteristics
7 Gables Court is a well-maintained, one-storey home built in 1976, situated on a quiet street in Canterbury Park. Its primary appeal lies in its balance of a renovated basement, a manageable size, and a strong value proposition within its immediate area. The home sits on a 2,800 sqft lot, which is slightly above average for the street, offering decent outdoor space. With 924 sqft of living space, it is a compact and efficient layout, suitable for those looking to minimize upkeep.
The standout feature is the home's financial profile relative to its neighbours. It holds an "Elite" ranking for assessed value on its own street, meaning it is valued higher than nearly all comparable homes nearby. This, combined with its renovated basement and detached garage, presents a practical and financially sensible entry point into a stable neighbourhood. It would suit first-time buyers, downsizers, or investors seeking a low-maintenance property with a solid foundation and modernized touches below ground. A thoughtful perspective is that while its living space is below the neighbourhood average, this translates to lower utility costs and less interior maintenance, focusing the value on the land and the updated basement space.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the assessed value is notably high for this street, it's important to remember that municipal assessments are for tax purposes and can differ from current market value. However, it does indicate the property is considered a high-value asset relative to its direct peers.
2. Is the living area sufficient for a small family?
At 924 sqft, the main floor living area is compact. The renovated basement provides crucial additional space, making it a viable option for a small family or couple, provided they are comfortable with efficient use of space and utilize the basement as a key living area.
3. What does the "Elite" ranking for year built mean?
On Gables Court, this home is ranked as newer than almost all its neighbours. Since every home on the street was built around 1976, this simply means it is one of the very newest homes on the block, though the age difference is likely marginal.
4. Are there any concerns with a home built in 1976?
Homes from this era are common in Winnipeg. The key points to investigate would be the age and condition of major systems (roof, windows, furnace) and the scope/quality of the basement renovation, including any necessary permits.
5. Why is the lot size considered below average for Canterbury Park?
Canterbury Park contains a mix of property sizes. This lot is smaller than the neighbourhood average but is actually slightly larger than the average lot on its own street. This highlights the quiet, established nature of Gables Court as a pocket of more modestly sized properties within the larger area.