Property Overview
This one-storey home at 6 Gables Court in Canterbury Park is a compact, no-frills property built in 1976. Its primary appeal lies in its efficient use of space and its position as an affordable entry point into the Winnipeg market. With 900 sqft of living space on a 2,799 sqft lot, it is a notably smaller home, even when compared to others on its own street. A key feature is its renovated basement, which adds functional space. There is no garage or pool.
The home suits practical, budget-conscious buyers such as first-time purchasers, downsizers looking to simplify, or investors seeking a straightforward rental property. Its below-average sale price (relative to the neighbourhood and city) is its main draw. A less obvious perspective is that its 1976 build date makes it one of the newer homes on its specific street, which could mean fewer immediate concerns about outdated major systems compared to older peers in the immediate area. However, buyers should be prepared for a home whose size and assessed value sit significantly below area averages.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
2. How does the property's value compare to the neighbourhood?
The home's assessed and recent sale values are well below the averages for Canterbury Park. This indicates it is a more affordable option in the area, but may also reflect its smaller size and lack of certain amenities like a garage.
3. What are the implications of having no garage?
Buyers will need to consider on-street parking or the potential cost of adding a parking structure. This is a common trade-off for affordability in older neighbourhoods and may suit those with fewer vehicles.
4. The lot seems large relative to the house. Is there expansion potential?
The land area is around average for the street. While the lot size could theoretically allow for an addition or larger garden, any expansion would depend on local zoning bylaws, setback requirements, and the condition of the existing foundation.
5. Why is the sale price lower than the assessed value?
The sale price can be influenced by many factors, including market conditions, the property's specific condition, and motivations of the buyer and seller. A sale price below the assessed value is not uncommon and suggests a market-based transaction.