Property Overview & Key Characteristics
86 Romance Lane is a modern two-storey home in Canterbury Park, built in 2021. Its primary appeal lies in its balance of being a newer construction within a well-established neighbourhood. With 1,378 sqft of living space and an attached garage, it offers a practical, low-maintenance layout for modern living.
The property stands out for its relative youth compared to most homes in Winnipeg, placing it in the top tier city-wide for year built. However, its 3,280 sqft lot is more compact than many in the immediate area, which translates to less yard upkeep. The home last sold in 2022 for $440k, with a current assessed value of $400k, positioning it as a competitively priced, turn-key option in its market segment.
This home would suit first-time buyers or small families seeking a newer build without a premium price tag, and those who prefer a manageable property size over extensive grounds. It’s also a sensible fit for buyers who value modern building standards and systems but want the mature streetscape of an older neighbourhood like Canterbury Park.
Frequently Asked Questions
1. How does the lot size compare?
The lot is 3,280 sqft, which is smaller than the average for Romance Lane and Canterbury Park. This means less outdoor maintenance but also more limited private outdoor space compared to some neighbours.
2. Is the basement finished?
No, the basement is noted as "not renovated," providing blank-canvas storage or future living space, but requiring investment to finish.
3. How new is this home relative to others?
Built in 2021, it is significantly newer than the average Winnipeg home. On its street and in Canterbury Park, it is also above average in age, meaning major components like the roof, HVAC, and windows are likely in very good condition.
4. What does the assessed value indicate?
The $400k assessment is below the street average but aligns with the neighbourhood and city averages. This can sometimes suggest a more affordable entry point on the street, but market conditions and the home's specific features will determine the final sale price.
5. What is the neighbourhood context?
Canterbury Park features a mix of home ages and styles. This property offers a newer home in that setting, which can be appealing but may also have a different architectural character than older homes on the block.