Property Overview
19 Gables Court is a two-storey home in Canterbury Park, built in 1976. With 986 sqft of living space and a 1,600 sqft lot, it is a compact property that stands out for its renovated basement. It does not have a garage or pool. The home last sold in June 2022 for $23,900, and its current assessed value is $22,700.
Key Characteristics & Appeal
This home’s primary appeal lies in its value and practicality within a well-established neighbourhood. Its key characteristic is the renovated basement, which adds functional living space to the modest main floor area. The lot size is notably smaller than most in Canterbury Park and across Winnipeg, which translates to lower maintenance—a significant plus for those seeking a simpler yard.
The property suits first-time buyers, downsizers, or investors looking for an affordable entry point into the Winnipeg market. Its below-average assessed value and sale price make it one of the most accessible options in the area. A thoughtful perspective is that while the home ranks below average in size and value metrics for the broader neighbourhood, this very fact offers insulation from the premium prices of larger, newer homes nearby. It represents a chance to secure a foothold in a mature community with minimal financial outlay, ideal for someone prioritizing location and a low-cost base over square footage.
Frequently Asked Questions
1. What does a "renovated basement" typically mean for a home of this era?
In a 1976 home, a renovated basement often means updated finishes, such as drywall, flooring, and lighting, potentially creating a recreational room, additional bedroom, or living space. It’s wise to inquire about the scope of the renovation, including permits, moisture control, and ceiling height.
2. The assessed value is significantly lower than the city average. What are the implications?
A lower assessed value generally corresponds to lower municipal property taxes, which is a financial benefit for the owner. It reflects the home’s more modest size, lot, and market position rather than its condition.
3. With no garage, what are the parking options?
The property likely relies on driveway or on-street parking. Given the small lot size, a driveway may be short. Buyers should verify local street parking regulations and consider the practicality during Winnipeg winters.
4. How does the very small lot size impact living here?
The 1,600 sqft lot requires minimal yard work, which is a major advantage for those seeking a low-maintenance lifestyle. The trade-off is very limited private outdoor space for gardening, play, or entertaining.
5. The home sold recently in 2022. What should I consider?
A sale just two years prior suggests a potentially quick turnaround. It’s prudent to understand the seller’s reason for moving and to review if any changes were made during their ownership. Given the stable assessed value, significant market-driven price appreciation is unlikely.