Property Overview
This one-storey home at 115 Canterbury Place in Winnipeg's Kildonan Drive area presents a distinct profile. Its primary appeal lies in the combination of a very generous, above-average lot and a recently renovated basement, set against a character-rich 1930s build. The living space is compact at 748 sq ft, placing it below average for the area, which suggests an efficient or cozy layout. However, this is balanced by a detached garage and the noted addition of a pool. The assessed value sits in a competitive middle range for the city.
This property would suit a specific buyer: someone who values ample outdoor space and privacy over a large interior footprint, and who appreciates the charm of an older home with some updated elements (like the basement). It could be ideal for downsizers, small households, or investors looking for a character property with land value in a mature neighbourhood.
Key Details & FAQs
Key Characteristics & Appeal
- The Land is the Star: The 8,269 sq ft lot is a significant asset, ranking in the top 10% locally. This offers rare space for gardens, recreation, the existing pool, and future expansion in a city setting.
- Updated Practicality: The renovated basement adds modern living or utility space, compensating for the smaller main floor area.
- Established Character: Built in 1931, the home is part of a historic streetscape, offering mature landscaping and a settled neighbourhood feel.
- Value Profile: It presents as a land-value proposition with a liveable home. The assessed value is above average for its immediate street but below average for the broader Kildonan Drive area, indicating a potentially attractive entry point into the neighbourhood.
- Ideal Buyer: Best suited for those seeking outdoor space, a manageable-sized home, and a property where the land itself represents a substantial portion of the investment and future potential.
Frequently Asked Questions
1. Is the house itself particularly small?
Yes. With 748 sq ft of living area, it is significantly smaller than both the neighbourhood and city averages. The renovated basement provides additional space, but the main floor footprint is compact.
2. What does the lot size actually mean for me?
An 8,269 sq ft lot is notably larger than most in Winnipeg. This provides exceptional privacy, room for outdoor activities, and flexibility for potential additions like a shed, extensive garden, or even future development, subject to zoning.
3. How does the assessed value compare to recent sales?
The home sold in late 2022 for an estimated $31.5k-$34.5k, while the current assessed value is $330k. It's important to consult a real estate professional for a current market valuation, as assessed value for taxation purposes doesn't always equal market price.
4. What are the considerations with a 95-year-old home?
While offering charm, a home of this age may require careful attention to foundational systems, wiring, plumbing, and windows. The renovated basement is a positive, but a thorough inspection is essential to understand the condition of the original structure.
5. Who might this property not suit?
It may not fit buyers needing significant above-ground living space, those wary of the maintenance an older home can require, or families desiring multiple large bedrooms on a single level. The pool is an asset but also entails ongoing maintenance.