Property Overview: 129 Romance Lane, Canterbury Park
Key Characteristics & Appeal
This two-storey home, built in 2022, is a modern property in Winnipeg's Canterbury Park neighbourhood. Its primary appeal lies in its combination of a new build with an exceptionally large lot. The 6,666 sqft land area places it in the top 9% of lots on its street and the top 10% within the neighbourhood, offering significant outdoor space that is rare for a home of this age. With 1,652 sqft of living space, an attached garage, and an unrenovated basement, the home provides a solid, move-in-ready canvas.
The property suits two main types of buyers. First, it’s ideal for those seeking a modern home without sacrificing yard space—a growing family or someone who values room for gardens, play, or future additions. Second, it appeals to buyers who prioritize a property with strong statistical fundamentals. The home ranks "Elite" for its newness compared to city-wide averages and shows above-average assessed and recent sale values for its immediate area, suggesting a sound investment in a desirable pocket of Canterbury Park. A thoughtful perspective is that the unrenovated basement, while not a feature now, represents a clear opportunity for future customization and added value.
Frequently Asked Questions
1. Is the property truly a "new" build?
Yes. Built in 2022, it is one of the newest homes on Romance Lane and ranks in the top 1-2% for year built compared to the wider city, meaning it should have modern building standards, systems, and minimal immediate repair needs.
2. How does the lot size compare to others?
The lot is a standout feature. At 6,666 sqft, it is significantly larger than the average lot for both the street (~4,653 sqft) and the Canterbury Park neighbourhood (~4,807 sqft).
3. What does the "above average" assessed value indicate?
The assessed value of $53.10k ranks above average for the street, neighbourhood, and city. This typically reflects the municipality's view of the property's combined value (land + building) relative to others, often influenced here by the large lot and new construction.
4. What is the potential of the basement?
The listing notes a basement that is "not renovated." This means it is unfinished or in a basic state, offering the next owner a blank slate to develop additional living space, such as a rec room, home office, or suite, according to their needs and budget.
5. How stable is the value in this location?
The home last sold in February 2022 for $54.30k, a price that was above average for the area at that time. Its consistent above-average ranking in key metrics (land, year built, assessed value) within its micro-area suggests it is a premium property on its lane, which can contribute to value stability.