Property Overview
8 Chadwick Crescent is a bi-level home in Winnipeg's Canterbury Park neighbourhood, built in 1989. Its primary appeal lies in the combination of a large, above-average lot with a recently renovated basement, offering potential for a buyer comfortable with a compact main living space. The home sits on a 6,664 sqft lot, which is notably larger than most in the immediate area and across the city, providing valuable outdoor space or future expansion potential. The renovated basement adds modern living space, offsetting the smaller 880 sqft main floor footprint.
This property would suit a practical, value-oriented buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes land size and the condition of key areas over a large interior. The lower assessed value and last sale price suggest an accessible entry point into a stable neighbourhood, ideal for someone willing to grow into the property over time.
Frequently Asked Questions
1. The living area is listed as quite small. Is the home functional for a small family?
The 880 sqft main living area is compact, but the renovated basement effectively doubles the usable space. It would suit a small family or couple who utilize the basement as a primary living or recreational area, with the main floor serving for meals and sleep.
2. The home is older than most on its street. Should I be concerned about major repairs?
Built in 1989, the home is older than its immediate neighbours but is newer than the Winnipeg average. A thorough inspection is always advised, but its age means many major components (like roof, windows) may have already been updated or could be due for planned replacement.
3. What are the real advantages of such a large lot?
The lot size is a standout feature, offering ample yard space, privacy, and significant future potential. Compared to newer subdivisions, this lot provides room for gardens, play areas, or even an addition, which is rare at this price point.
4. There's no garage. How big of a drawback is this?
The lack of a garage is a trade-off for the lot size and price point. Buyers should budget for parking a vehicle outdoors year-round or consider the cost of adding a garage or carport in the future, for which there is ample space.
5. The assessed value seems low. Does that mean property taxes will be lower?
Yes, a lower assessed value generally correlates with lower municipal property taxes. This can make the ongoing cost of homeownership more manageable, though the assessment will likely be updated after a sale.