Property Overview
78 Bill Larkin Lane is a two-storey home in Canterbury Park, built in 2016. It sits on a 4,830 sqft lot and features 1,691 sqft of living space, an attached garage, and a basement that is present but not renovated.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern age and solid positioning within a well-established neighbourhood. Built just 10 years ago, it is a newer construction compared to most homes in Winnipeg, suggesting fewer immediate concerns with major aging components. The living space is notably above average for both Canterbury Park and the city overall, offering good interior volume.
Its value is one of balance rather than extremes. The lot size and assessed value are very typical for its immediate street, meaning it fits right into the local context without over- or under-shooting. This makes it a predictable and stable option. The property would suit first-time buyers or young families looking for a move-in-ready, modern home in a mature neighbourhood without the premium often attached to brand-new builds. It’s also a sensible choice for value-conscious buyers who prioritize a newer building envelope and more interior space over having a large lot or a finished basement.
A less obvious perspective is that a home of this age in an older neighbourhood often benefits from established landscaping and community cohesion, without the raw feel of a brand-new subdivision. The unrenovated basement, while not a feature, presents a clear opportunity for future customization.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is included but is noted as not renovated. It presents a blank canvas for future development.
2. How does this home compare to others on the street?
It is very representative of Bill Larkin Lane. Its lot size and assessed value are around the street average, while its 2016 build year makes it one of the newest homes on the block.
3. What is the neighbourhood like?
Canterbury Park is a mature Winnipeg neighbourhood. The home’s lot size is typical for the area, but its living space and modern build year are above the neighbourhood averages, offering more contemporary living in an established setting.
4. Why is the assessed value higher than the last sale price?
The home sold in May 2020 for $39.5k. The current assessed value of $50.70k reflects market changes and municipal assessment updates over the intervening years. Always consult a real estate professional for a current market valuation.
5. What are the likely maintenance considerations given its age?
As a home built in 2016, major structural components like the roof, windows, and furnace are likely still in good condition, potentially offering a period of lower immediate maintenance costs compared to much older homes. Attention may shift to cosmetic updates or landscaping.