108 Hominick Place

Section 1: Property Overview

This property at 108 Hominick Place presents a compelling opportunity in Winnipeg's Canterbury Park neighbourhood. Its key characteristic is its significant lot size of 4,529 sqft, which is notably larger than many in the immediate area, ranking in the top half of its street. This generous land offers clear potential for expansion, gardening, or outdoor living space—a valuable asset in a mature neighbourhood.

The appeal lies in its position as a relative value proposition. With an assessed value of $13,500, it sits below most direct comparables on Hominick Place and in Canterbury Park, suggesting room for equity growth through updates or simply securing a property in a stable area at a competitive entry point. The data indicates the home itself is newer than 86% of its street neighbours, a positive sign for foundational components.

This home would suit a value-conscious buyer, such as a first-time homeowner or an investor, who sees potential beyond the current state. It’s also well-suited for someone who prioritizes outdoor space over a large interior footprint from the outset, as the lot size is a standout feature. The lower assessment, compared to nearby homes, could also mean a manageable property tax burden.

Section 2: Frequently Asked Questions

1. Why is the assessed value lower than neighbouring homes?
While specific details aren't provided, a lower assessment can be due to a variety of factors, including a smaller living area, differences in condition, or fewer updates compared to nearby properties. It's a key point to investigate, as it can represent a value opportunity.

2. What does the lot size mean for me?
At over 4,500 sqft, the lot is a defining feature. It offers more private outdoor space than many properties and provides tangible potential for future additions like a garage, a larger deck, or a spacious garden, subject to city bylaws.

3. How does this property rank for "newness" in the broader area?
The data shows it ranks in the top tier (top 100%) for year built both in Canterbury Park and across all of Winnipeg. This suggests it is one of the newer homes in a wide comparison pool, which can be advantageous for major systems like roofing, wiring, or plumbing.

4. What are the nearby properties indicating?
The listed comparable properties on Hominick Place and nearby streets have consistently higher assessed values, ranging from $13,700k to $16,100k. This context underscores that 108 Hominick is priced at the lower end of its micro-market, which is a critical consideration for both purchase and future resale.

5. Is there a garage or basement?
Based on the provided symbols, the property does not have a garage (listed as "None") and the basement status is not specified (listed as "—"). This is an important practical consideration for storage and vehicle parking to clarify during a viewing.