Property Overview
7 Bill Larkin Lane is a two-storey home in Canterbury Park, built in 2016. It features an attached garage, a full basement, and sits on a 5,062 sqft lot. The home offers 1,708 sqft of living space and has a current assessed value of $49,200.
Key Characteristics & Buyer Profile
This property’s primary appeal lies in its modern build year and its position within a well-established neighbourhood. Built just 10 years ago, it is newer than approximately 95% of homes on its street and 94% across Winnipeg, suggesting lower immediate costs for major updates. The lot size is generous for the area, providing above-average outdoor space in Canterbury Park.
The home suits first-time buyers or young families seeking a move-in-ready property without the concerns of an aging structure. It also appeals to value-conscious buyers looking for a modern home in a mature neighbourhood with larger lots, offering a balance between newer construction and established community amenities. A thoughtful perspective is that while the living area is average for the immediate street, it is notably larger than many homes in the wider neighbourhood and city, offering more interior space than typical for the area.
Frequently Asked Questions
1. How does the lot size compare to others?
The 5,062 sqft lot is above average for Canterbury Park, ranking in the top 32% of the neighbourhood. It provides more yard space than many comparable homes.
2. Is the basement finished?
No, the basement is noted as "not renovated," presenting a blank canvas for future expansion or storage.
3. What does the assessed value indicate?
The $49,200 assessment is above average for both Canterbury Park and Winnipeg overall. It's important to note that assessed value for tax purposes is different from market value, and a professional appraisal is recommended.
4. How does the home’s age impact potential costs?
Being built in 2016, major components like the roof, furnace, and windows are likely still within their typical lifespan, potentially reducing near-term replacement costs compared to older homes.
5. What are the property taxes?
Property taxes are calculated by applying the municipal tax rate to the assessed value. With an assessment of $49,200, you can estimate taxes by multiplying this figure by the current Winnipeg tax rate.