Property Overview: 144 Chadwick Crescent, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-located, single-storey home built in 2008, offering modern construction in a mature neighbourhood. Its key appeal lies in its balance of a newer build year against a modest footprint. The home sits on a standard-sized lot for the area and features an attached garage and a full, unrenovated basement.
The property’s standout characteristic is its age. Built in 2008, it is significantly newer than most homes in Winnipeg and is one of the newest on its own street, which can mean fewer immediate concerns with major aging components like roofing or foundation. However, with 1,204 sqft of living space, it is more compact than many neighbouring homes, suggesting efficient, manageable living spaces rather than sprawling rooms.
This home would suit first-time buyers or downsizers seeking a low-maintenance, modern build in an established area without the premium often attached to brand-new subdivisions. It’s also a practical candidate for investors or handy buyers, as the unrenovated basement presents a clear opportunity to add value and customize the living space to suit future needs.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on assessed value and recent sale history, this home is priced below the average for its immediate street but aligns with the broader Canterbury Park and city averages. This suggests you may be paying for the modern build year without a significant "street premium," which could represent a relative value.
2. What does the "unrenovated basement" imply?
It means the basement is finished but has not been updated since the home was built in 2008. Buyers should budget for potential cosmetic updates (like flooring or paint) or be prepared for functional but dated finishes. It’s a blank slate for personalization.
3. How does the lot size compare?
At 4,397 sqft, the lot is smaller than the average on Chadwick Crescent but is typical for the wider Canterbury Park area. It provides standard outdoor space for a city home—adequate for a patio or garden but not expansive.
4. The home seems smaller than others on the street. Is that a concern?
The living area is indeed below the street average. This translates to efficient, easier-to-maintain interiors. For the right buyer, this is a feature, not a drawback, as it combines newer construction with manageable utility costs and upkeep.
5. Why did it sell for significantly less in 2020 than its current assessment?
The 2020 sale price of $36,600 is notably low. Without specific transaction details, this could reflect a past market dip, a private sale, or sale conditions not apparent in the data. It underscores the importance of a current market evaluation rather than relying on historical price points alone.