Property Overview: 264 Alex Taylor Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 264 Alex Taylor Drive presents a specific and practical value proposition. Built in 1986, its key characteristic is a compact 680 sqft living area, which is notably smaller than most homes in its immediate area and across Winnipeg. This is balanced by a nearly 5,000 sqft lot that is fairly standard for the city, offering decent outdoor space relative to the home's footprint.
The primary appeal lies in its efficiency and renovated basement, suggesting a turn-key, low-maintenance lifestyle. The below-average assessed and recent sale values indicate an accessible entry point into the Winnipeg market, particularly for the Canterbury Park neighborhood. This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, functional home without the upkeep of a larger property. Its size and lot offer a less obvious advantage: the potential for future expansion or a garden-focused lifestyle, where the outdoor space becomes a primary living area during warmer months.
Section 2: Frequently Asked Questions
1. Is the 680 sqft living area the total, or just the main floor?
The 680 sqft figure refers to the above-grade living area. As a bi-level with a renovated basement, the total usable space is greater, though the basement square footage is not included in the official living area metric.
2. How does the property's value compare to the neighborhood?
Both the assessed value and the most recent sale price are below the averages for Canterbury Park and for the immediate street. This positions the home as a more affordable option within the area.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, layout, and whether it includes legal secondary suite potential, which would significantly impact its utility and value.
4. The home is noted as "smaller than average." How will this affect resale?
The compact size creates a focused market. It will appeal strongly to buyers seeking affordability and minimal upkeep but may be less attractive to those needing room for a growing family. Its long-term value will be closely tied to the overall maintenance and the appeal of the outdoor space.
5. The lot is near 5,000 sqft. Is there room for additions like a garage or extension?
The lot size is sufficient to entertain such possibilities. However, any expansion would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and obtaining the necessary permits.