Property Overview

This well-situated home at 118 John Duncan Drive in Canterbury Park presents a balanced and practical offering. Built in 2002, it is a newer construction compared to many Winnipeg homes. The property features a renovated basement, an attached garage, and a living area of approximately 1,493 sqft on a 4,613 sqft lot. The data indicates a consistent theme: this home typically ranks above average for its immediate street and often outperforms broader city benchmarks in key categories like year built and assessed value, suggesting a solid and modern foundation in a stable setting.

Key Characteristics & Appeal

The primary appeal of this property lies in its relative modernity and established neighbourhood context. Its 2002 build date means major components are likely still within a reasonable service life, potentially reducing near-term repair concerns compared to older stock. The renovated basement adds immediate functional space. While not the largest home on its street, its living area is above the local average, offering good utility.

It particularly suits buyers seeking a move-in ready, low-maintenance home in a mature neighbourhood without the premium of a brand-new build. It’s a practical choice for first-time buyers stepping into a stable area, small families, or downsizers who value the attached garage and single-level living potential (main floor plus finished basement). A thoughtful perspective is its apparent "above-average" status on its own street—this can indicate a well-kept home in a consistent area, which often contributes to stable long-term value.

Frequently Asked Questions

1. How does the sale history affect current value?
The home sold for $370k in 2017 and then for $40.50k in 2020. The 2020 sale price is atypical and likely reflects a non-arms-length transaction, such as a transfer between family members. The 2017 sale is a more reliable indicator of its market value at that time.

2. What does "above average" ranking on the street really mean?
For key metrics like lot size, year built, and assessed value, this home ranks in the top 30% among the 56 properties on John Duncan Drive. This suggests it is a comparatively newer, well-sized, and well-assessed property on its own block, which is a positive sign of its standing in the immediate micro-market.

3. Is the assessed value the same as the market value?
No. The assessed value of $47.70k is for municipal tax purposes only and is not an indicator of market value. Market value is determined by what a buyer is willing to pay based on recent sales of comparable homes.

4. What is the significance of the renovated basement?
A renovated basement adds immediate liveable square footage without the need for investment or construction. It’s important to clarify the scope of the renovation (e.g., finishes, plumbing for a bathroom) and check for required permits to understand its quality and compliance.

5. How does Canterbury Park compare as a neighbourhood?
The data shows that for this home, most metrics (like living area and lot size) are "around average" when compared to all of Canterbury Park. This indicates the property is a very typical offering for this specific neighbourhood, which can be appealing for those seeking a representative home in a consistent, established community.