Property Overview
31 Gables Court is a two-storey home in Canterbury Park, built in 1976. It sits on a 3,318 sqft lot and has 1,080 sqft of living space. The property features a basement (not renovated) and does not have a garage or pool. Its most recent recorded sale was in July 2016 for $18,100, and its current assessed value is $24,800.
Key Characteristics & Appeal
This home’s primary appeal lies in its land and location within its immediate streetscape. The lot size is notably above average for Gables Court, placing it in the top 16% on the street, which offers good outdoor space potential for the area. While the living area is modest, it is still above the street average. The year built, 1976, is the oldest on the street, which may suggest a well-established streetscape and mature landscaping, but also indicates a home likely requiring updates. The assessed value is significantly below averages for both the wider Canterbury Park neighbourhood and Winnipeg overall.
It would suit a value-conscious buyer, such as a first-time purchaser or an investor, who sees potential in the generous lot size relative to its immediate peers and is prepared to renovate. Its low assessed value points to a lower property tax burden, which is a practical advantage. The appeal is less about the current condition of the home and more about the underlying value of the land and the opportunity to customize.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
Assessed value is based on market value for taxation purposes. This lower assessment primarily reflects the home’s age, condition (including an unrenovated basement), and smaller living area compared to many homes in Canterbury Park, resulting in a lower property tax bill.
2. What does the "top 2%" ranking for year built on the street mean?
This statistical ranking indicates that 1976 is the oldest construction year on Gables Court. In this metric, "newer is better," so this top percentile means it is the oldest. It confirms the home is an original property on a street that likely saw development around the same time.
3. Is the large lot size a benefit?
Potentially, yes. For this street, the lot is above average, offering more private outdoor space than many direct neighbours. This could be attractive for gardening, expansion, or simply having a larger yard, which is a less common find in this price segment.
4. How significant is the lack of a garage?
This is an important consideration, especially in Winnipeg’s climate. Buyers would need to factor in the cost and feasibility of adding parking or relying on street parking, which should be verified with the local municipality.
5. The home sold for $18,100 in 2016. Is the current price related?
The 2016 sale price is a historical data point and is not a direct indicator of current market value. Property values have changed significantly since then. The assessed value of $24,800 is a more current benchmark for taxation, but the market sale price will be determined by present-day conditions, demand, and the home’s state.