Property Summary

This is a 2021-built home on Romance Lane in Winnipeg’s Canterbury Park area. With roughly 1,378 square feet of living space on a 5,009-square-foot lot, it sits in a solid middle ground for both size and value. Its assessed value is around $408,000, which is slightly below the average for its street but right in line with the broader Canterbury Park area and above the citywide median.

The appeal here is subtle but meaningful. The home is new enough (top 2% citywide by build year) that many major systems and finishes are still under warranty or in excellent condition, which lowers near-term maintenance risk. The lot is average for the area, but the house itself is larger than most in its immediate neighbourhood—it ranks in the top 43% for living area within Canterbury Park. This suggests a design that prioritizes interior space over a massive yard, which can be a practical advantage for buyers who want less outdoor upkeep.

This property is best suited for buyers who value a move-in-ready, relatively new home without paying a premium for a top-of-market street or a oversized lot. It’s a good fit for first-time homeowners who want modern efficiency, or for downsizers who want a manageable property in a well-established, family-oriented area without the quirks of an older build. Investors may also find it appealing for its predictable carrying costs and broad resale appeal.

Frequently Asked Questions

1. How does this home compare to others on Romance Lane?
It’s on the smaller side for the street—most homes on Romance Lane average about 1,591 square feet, so this is roughly 200 square feet less. Its assessed value is also notably below the street average of $469,500. It’s not the showpiece of the lane, but it’s one of the newer builds, which helps offset the size difference.

2. Is the assessed value a reliable guide to the market price?
Assessed value is a lagging indicator, not a price tag. At $408,000, it’s roughly in line with the neighbourhood average, but new construction often has a slight premium in the resale market. The actual sale price could be higher or lower depending on the condition, interior finishes, and how motivated the seller is.

3. What does “land area around average” mean for this property?
The lot is 5,009 square feet, which is typical for Canterbury Park and slightly below the city median. It’s not a sprawling yard, but it’s enough for a decent garden, a small playset, or a patio. The house’s footprint is efficient, so you’re not paying for land you won’t use.

4. Are there any hidden costs typical for a home this new?
Usually, a 2021 build is low-risk for major repairs, but check if the builder’s warranty is still active or has recently expired. Property tax increases may also be on the horizon if the initial assessed value was low due to the previous owner’s pre-construction valuation. Always confirm current tax bills.

5. Why does this home rank well citywide for year built but average for living area?
In Winnipeg, many older homes have larger square footage, so being in the top 37% for living area is respectable. The newness is a stronger standout feature because very few homes—only about 2% citywide—are this recently built. This makes it a safe choice for buyers who want modern building codes and energy efficiency without sacrificing reasonable living space.