Property Overview: 254 Chadwick Crescent, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This well-situated home on Chadwick Crescent presents a balanced offering in the Canterbury Park neighbourhood. Built in 2008, its age is a standout feature, ranking in the top 5% of homes on its street and well above the city-wide average, suggesting modern construction standards and less immediate need for major updates. The property sits on a 4,760 sqft lot that is typical for the area, providing manageable outdoor space.
The home’s primary appeal lies in its strong, above-average assessed value relative to its immediate peers, indicating a solid perception of worth by the municipality. It features a renovated basement and an attached garage. With 1,483 sqft of living space, it offers comfortable room for daily life without being oversized.
This property would suit practical buyers looking for a move-in-ready, modern home in a stable neighbourhood. It’s ideal for small families, professionals, or downsizers who value a newer build (avoiding the quirks and maintenance of older homes) and appreciate a home that holds its value well compared to neighbours. The data suggests it’s a competitively positioned, low-drama property rather than a standout luxury offering.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $48.50k in January 2024, which is slightly below its most recent assessed value of $50.60k. This recent sale provides a concrete, current market benchmark.
2. Is the lot size a pro or a con?
It’s neutral. At 4,760 sqft, the lot is very average for Canterbury Park and on its own street. It provides adequate yard space without the high maintenance of a much larger lot, which can be a practical advantage.
3. The home is newer, but is the living space smaller than average?
It depends on the comparison. The living area is slightly below the average for Chadwick Crescent itself but is actually above the averages for both the wider Canterbury Park neighbourhood and the entire city. It’s a efficiently sized modern layout.
4. What do the “above average” value rankings really mean?
The home’s assessed value ranks higher than most comparable homes on its street, in the neighbourhood, and across Winnipeg. This generally suggests it has features or conditions that are favourably viewed for taxation purposes, potentially including its newer age, renovations, and overall condition.
5. Are there any obvious red flags from the data?
No major red flags are apparent. The metrics show a consistent pattern: a newer-than-average home that maintains value well, on a standard lot, which sold recently at a price very close to its official assessment. It represents a stable, middle-of-the-market property.