Property Overview
14 Tom Nichols Place is a modern, cabover-style home built in 2019, situated on a generous lot in Canterbury Park. Its primary appeal lies in the combination of a newer build, significant land size, and a location that offers above-average value within its wider context. The home features an attached garage and a basement that is present but unrenovated.
The property is best suited for buyers who prioritize land space and a newer construction year over a large finished living area. It represents a practical opportunity for someone comfortable with a home that has a smaller footprint but offers room for future expansion or landscaping projects. The data suggests it’s a competitively priced option within Canterbury Park, potentially appealing to value-conscious buyers looking for a foothold in a neighbourhood where the average home is significantly older.
Key Characteristics & Appeal
- Modern Build in an Established Area: Built in 2019, this home is newer than approximately 96% of properties citywide and stands out in its immediate area. This means less immediate concern for major system replacements and potentially higher energy efficiency.
- Land Value & Potential: The 7,479 sqft lot is substantially larger than the city and neighbourhood averages. This is the property's standout feature, offering ample outdoor space for gardening, recreation, or future additions like a deck or garage.
- Practical Living Space: With 1,614 sqft of living area, the home is comfortable but not expansive. It’s above average for the city but modest for its immediate street, indicating a design that prioritizes lot size over square footage.
- Value Proposition: The assessed value positions the home as an above-average property for Canterbury Park and Winnipeg overall, yet it is priced below the average for its own street. This suggests a potential value opportunity for buyers comparing within the micro-market of Tom Nichols Place itself.
- Ideal Buyer Profile: This home suits a buyer who sees the basement as a blank canvas and the large yard as a key asset. It’s a match for those wanting a newer home without a premium price tag, who are willing to trade some interior space for land and future potential.
Frequently Asked Questions
1. Is the large lot size typical for this street?
Yes, the lot is slightly above the average size for Tom Nichols Place. The street itself features larger-than-average lots for Canterbury Park, making this a defining characteristic of the location.
2. What does "cabover" building type mean?
A cabover design typically features a living area built over a garage that is integrated into the main structure. This is a common and efficient architectural style that maximizes the buildable area on a lot.
3. The home sold for $40,400 in 2019. Why is the assessed value now $520k?
The 2019 sale price likely reflected the initial purchase of the brand-new home from the builder, essentially the cost of construction and the lot at that time. The current assessed value reflects the market value of the established property today, considering market appreciation and the added value of the developed land.
4. How does this property compare to others in Canterbury Park?
It ranks highly for its newness and lot size within the broader neighbourhood. While its living space is above the neighbourhood average, its greatest differentiators are its modern age and substantial land area compared to the typical, older Canterbury Park home.
5. What are the main considerations regarding the basement?
The listing notes the basement exists but is "not renovated." Buyers should budget for finishing this space to suit their needs and should inquire about its current condition, ceiling height, and the status of essential elements like plumbing rough-ins or electrical service.