Property Overview: 7 John Duncan Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Canterbury Park offers a practical and comfortable living space. Built in 1997, it is newer than most homes citywide, suggesting modern construction standards and potentially fewer major upkeep concerns in the near term. The home features a renovated basement and an attached garage, with a land area of just over 4,400 sqft providing a standard-sized yard for the area.
Its primary appeal lies in its strong, established neighbourhood positioning and recent sale history. The property last sold in September 2022 for $500,000, a price that ranked well above average for the street, neighbourhood, and even citywide. This indicates a recognized desirability for this specific location. While the living space (1,170 sqft) is modest and typical for the area, the renovated basement adds valuable finished square footage.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature neighbourhood. It’s also a sensible choice for a value-conscious buyer who appreciates a home that has already seen key renovations (like the basement) and has a recent, clear market valuation, providing a solid benchmark.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home is very typical for its immediate area in terms of lot size, living space, and assessed value. Its standout feature is its relatively newer build year compared to others on the street and its strong sale price in 2022, which outperformed many neighbours.
2. Is the assessed value the same as the market value?
No. The municipal assessed value for taxation purposes is $43,300. The home last sold for $500,000 in 2022. Market value is determined by current supply, demand, and condition, and can differ significantly from the assessed value.
3. 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 seller or listing agent to understand the quality and functionality of the space.
4. Is Canterbury Park a family-friendly neighbourhood?
While this summary doesn’t detail amenities, Canterbury Park is a long-established Winnipeg neighbourhood. Its appeal often includes mature landscaping, quieter streets, and proximity to schools and parks, making it popular with families.
5. Why did it sell for above the area average in 2022?
The above-average sale price likely reflects a combination of the home’s condition at the time (including the renovated basement), the strong seller’s market of 2022, and the specific desirability of this property’s location on John Duncan Drive. It sets a recent precedent for the home’s market value.