Property Overview
This two-storey home at 80 Fairview Drive in Canterbury Park presents a practical opportunity. Built in 1986, it features a renovated basement and a living space of 1,272 sqft on a 3,299 sqft lot. The home does not have a garage or pool. Its most recent sale was in January 2016 for $23,300, and its current assessed value is $33,400.
Key Characteristics & Appeal
The primary appeal of this property lies in its solid foundation and relative value within its immediate area. While its lot size and assessed value are below the wider neighbourhood and city averages, it ranks more competitively on its own street. Notably, it has one of the newest construction years on Fairview Drive and offers above-average living space for the street. The renovated basement adds modern, functional square footage.
This home would suit a first-time buyer or an investor looking for an entry point into the Canterbury Park area. It’s a pragmatic choice for someone prioritizing location and a move-in-ready basement over premium lot size or a garage. The data suggests it’s a property that offers more value relative to its direct neighbours than it does in broader comparisons, making it a savvy pick for a buyer focused on micro-location dynamics.
Frequently Asked Questions
1. Why is the assessed value notably lower than the citywide average for comparable homes?
Assessed values are influenced by many factors, including home size, condition, and specific location. This assessment reflects the property’s value relative to its characteristics and the local market in its part of Canterbury Park.
2. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" typically means the space is finished as livable area, which could include family rooms, bedrooms, or recreational spaces. Verification of permits and the scope of work would be advised.
3. How significant is the lack of a garage?
For this area and price point, the absence of a garage is a trade-off. Buyers should consider on-street parking permissions, the potential for adding a shed, or the cost of constructing a garage in the future.
4. The home sold for $23,300 in 2016. How is the current assessed value determined?
The 2016 sale price is a historical data point. The current assessed value is set by the municipal authority for taxation purposes, based on recent market trends and property characteristics, and is not a direct indicator of current market listing price.
5. How does the lot size impact potential for expansion or outdoor space?
At 3,299 sqft, the lot is smaller than many in Winnipeg. This may limit possibilities for large additions or extensive landscaping but could appeal to those seeking lower-maintenance outdoor space.