174 Canterbury Place

Property Summary: 174 Canterbury Place, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1925, offering a practical and grounded living option. Its primary appeal lies in its efficient scale and recent basement renovation, presenting a low-maintenance footprint. With 768 sqft of living space and a detached garage, it suits buyers seeking simplicity without a major project.

The home finds its strength in context. On its own street, Canterbury Place, it holds a middle-of-the-pack position for size, value, and lot size, suggesting it fits seamlessly into an established, modest neighbourhood. Its assessed value is notably below average for the broader Kildonan Drive area, which could indicate a relatively accessible entry point into the neighbourhood. The lot, at just over 4,700 sqft, is smaller than many in the district but is close to the city-wide average, offering manageable outdoor space.

This property would suit a first-time homebuyer, a downsizer, or an investor looking for a straightforward, renovated character home. Its size and ranking suggest it’s not for those needing ample space, but rather for those who value a cozy, settled setting where the home is unlikely to be the largest or most expensive on the block.

Section 2: Frequently Asked Questions

1. Is the basement renovation a full legal suite?
The details specify a renovated basement, but not a separate suite. Buyers should verify with the listing agent or city permits to confirm its legal status and whether it can be used as a rental income source.

2. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes. Notably, the last recorded sale was in 2018 for an estimated $20.5k–$23.5k, far below the current assessed value of $28.20k. This large gap suggests significant market changes or a previous non-arms-length sale. The eventual sale price will be determined by current market conditions.

3. What are the implications of the home’s rankings?
The rankings show the home is average on its own street but below average for the larger area in size and value. This can mean less property tax burden relative to neighbours and a home that feels proportionate to its immediate surroundings, though it may not see the same rate of value appreciation as larger properties in the area.

4. What is the neighbourhood character like?
The proximity of similar-aged homes on Canterbury Place and the consistent, modest assessed values of nearby properties suggest a stable, established neighbourhood without extreme disparities between homes, which often indicates a cohesive community feel.

5. Are there any obvious concerns with a 101-year-old home?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are a century old. A thorough inspection is essential to understand the condition of these older components beyond the recent updates.