Property Overview: 365 Edmund Gale Drive, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, modern home built in 2011, offering a practical footprint in the established Canterbury Park neighbourhood. Its key appeal lies in its balance of a newer build with a standard lot size, presenting a low-maintenance opportunity. The home features an attached garage and a full, unrenovated basement offering potential.
The data reveals thoughtful perspectives: while the living space is modest compared to others on its street, the home is significantly newer than most in Winnipeg, suggesting modern systems and less immediate upkeep. The lot size is typical for the area, providing outdoor space without excessive yard work. Its assessed value sits above the city-wide average, indicating a solid investment in a desirable market segment.
This property would best suit first-time buyers or downsizers seeking a modern, move-in-ready home in a mature neighbourhood without the premium for a large floor plan. It’s also a sensible choice for value-focused buyers who appreciate the advantages of a newer construction (like updated building codes and efficiency) and see the unfinished basement as a canvas for future equity growth.
Section 2: Frequently Asked Questions
1. Is the house in good condition given its age?
Built in 2011, this home is among the newest on its street and in the top 10% city-wide for year built. This typically means newer roofing, windows, HVAC systems, and electrical, suggesting a lower likelihood of major, immediate repairs compared to older homes.
2. How does the lot size compare?
The land area of approximately 4,514 sq ft is very close to the average for both Canterbury Park and its specific street. It provides a standard urban yard—manageable for gardening or recreation without being overly burdensome to maintain.
3. The living area seems smaller than some neighbours'. Is it cramped?
At 1,451 sq ft, the above-ground living area is below the average for its immediate street but is actually slightly above the average for both the wider neighbourhood and the city. It represents an efficient use of space, likely appealing to those who prefer easier cleaning and lower utility costs.
4. What is the potential of the basement?
The listing confirms a full, unrenovated basement. This is a key value-add opportunity, allowing a new owner to finish the space to their own needs and taste, potentially adding significant living area and increasing the home’s value.
5. How does the assessed value inform the likely price?
With an assessed value notably above the Winnipeg average, this suggests the property is in a stable, desirable segment of the market. It’s important to note the last known sale was in 2019 for $375,000, so current market conditions and updates will be the primary drivers of the listing price.