Property Overview: 123 Romance Lane, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2022, presents a rare combination of new construction and an exceptionally large lot. Its primary appeal lies in its modern foundation paired with generous outdoor space—a mix that is increasingly hard to find. The property sits on a 7,414 sqft lot, which ranks in the top 2% for size on its street and the top 7% within the desirable Canterbury Park neighbourhood. This offers significant room for gardening, recreation, or future expansion.
The home itself features a renovated basement and an attached garage. With nearly 2,000 sqft of living space, it is comfortably larger than most comparable homes in the immediate area and citywide. The data indicates a pattern of strong value appreciation, with the sale price significantly outperforming area averages.
This property is ideally suited for buyers who prioritize a modern, low-maintenance home but don’t want to compromise on land size. It fits growing families seeking space, or professionals looking for a premium, established-lot property without the worries of an older structure. Its standout lot size and new build date make it a statistically unique offering in the context of both its street and the wider city.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The lot is 7,414 sqft, which is approximately 13% larger than the Winnipeg city-wide average for comparable homes and places it in the top 14% citywide. In its own Canterbury Park neighbourhood, it ranks even higher, in the top 7%.
2. What does the sale history indicate about the property's value?
The home sold for $600,000 in October 2023, a price that ranks in the top 1% for the Canterbury Park neighbourhood and top 3% on Romance Lane itself. This suggests the market recognizes a premium value, likely tied to its newness and lot size.
3. Are there any potential considerations with a home built in 2022?
As a nearly new build, major systems like roofing, HVAC, and windows should be under warranty and require minimal immediate investment. However, it's still prudent to have a thorough inspection to ensure construction quality and address any minor settling or finish issues common in the first few years.
4. Is the renovated basement included in the living area square footage?
No. The listed living area of 1,994 sqft refers to the above-grade finished space. The renovated basement provides additional, valuable living space that is not reflected in that official metric.
5. How does this home fit within the context of its own street?
On Romance Lane, this property is an outlier in positive ways: it has the newest construction date (ranked #1 of 58), the largest lot (#1 of 58), and the highest assessed value (#1 of 58). This means it likely sets the benchmark for the street rather than simply matching it.