Property Overview: 2 Alex Taylor Drive, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1986, sits on a generous 5,740 sqft lot in Canterbury Park. Its key feature is a renovated basement, adding valuable finished space to the 1,120 sqft living area. The property’s primary appeal lies in its land size and established neighbourhood setting. The lot is significantly larger than most in Canterbury Park and Winnipeg overall, offering ample outdoor space for gardening, play, or expansion in a mature community.
The home suits practical, value-oriented buyers. It’s an ideal match for a first-time homeowner willing to put personal touches into the main living areas over time, or an investor looking for a property with a strong land-to-structure ratio and a modernized basement suite or rental space. The below-average assessed value compared to the immediate area suggests a potential value opportunity, likely reflecting the home’s original main-floor condition. This isn't a move-in-ready showcase, but a solid foundation with one major renovation already completed.
Frequently Asked Questions
1. What does "renovated basement" typically mean in a home of this era?
In a 1986 home, this usually indicates updated finishes like flooring, drywall, and lighting, and may include a legal or conforming secondary suite. It’s the most modernized part of the house, while main and upper floors likely retain original layouts and fixtures.
2. How does the lack of a garage affect daily life and value?
It means relying on driveway parking and street parking for guests. For some buyers, this is a trade-off for a larger yard. The value impact is relative, but the ample lot size provides a clear opportunity to add a garage or carport in the future, which is a significant advantage over properties with smaller lots.
3. The sale price in 2019 was lower than the current assessed value. Why?
The 2019 sale price of $24.7k was unusually low, even for a dated property, and may have involved non-market conditions like a transfer between family members. The current assessed value of $32.4k, while still below area averages, is a more realistic baseline for market valuation.
4. Is the larger lot a benefit or a burden?
It’s a long-term benefit offering privacy, space, and potential, but it requires more maintenance for lawn care and landscaping. For the right buyer, the upside of ownership and future possibilities far outweighs the extra upkeep.
5. What is the neighbourhood feel of Canterbury Park?
It’s a quiet, established area with a mix of original homeowners and new families. The lot rankings show homes here generally have more land than in newer subdivisions, creating a less crowded, suburban feel within the city.