Property Overview & Key Characteristics
This one-storey home at 69 Gables Court in Canterbury Park is a compact, no-frills property that presents a clear value proposition. Its primary appeal lies in its efficient use of space and its position as one of the more affordable entry points into the Winnipeg market. The home sits on a modest, well-sized lot that is actually above average for its immediate street. A key feature is the renovated basement, which adds valuable functional space to the 924 sqft main living area. Built in 1976, it is one of the newer homes on its block.
This property would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance lifestyle. Its below-average sale price compared to the neighbourhood and city makes it accessible, while the renovated basement offers immediate utility without the need for major projects. A thoughtful perspective for a buyer is that while the home is smaller than the Canterbury Park average, it offers the benefits of the neighbourhood—like established streets and proximity to amenities—at a significantly lower cost of entry. The above-average lot size for the street also presents future potential, whether for gardening, expansion, or simply more private outdoor space.
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, separate suite. Buyers should verify its compliance with local zoning and building codes, especially if considering rental income.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking is on-street or driveway, and storage solutions will need to be creative, utilizing the basement and possibly shed structures (if permitted).
3. The assessed value is higher than the recent sale price. What does this indicate?
The home sold for $22.7k in April 2024, below its $27.7k assessed value. This can sometimes reflect a quick sale, property condition factors not captured in the assessment, or a motivated seller. It’s a point for discussion with your real estate agent regarding current market value.
4. What are the implications of the home being "newer" on an older street?
Built in 1976, it's among the newest on Gables Court. This can be positive, potentially meaning fewer major age-related issues than immediate neighbours. However, all homes in this age range will still require diligent inspection for systems like roofing, plumbing, and wiring.
5. The living area is below average for the neighbourhood. How does the layout feel?
At 924 sqft plus the basement, the home is functionally compact. The appeal hinges on an efficient, open layout. Buyers should pay close attention to how the space flows and whether the basement renovation creates a comfortable, integrated living environment or feels segmented.