Property Overview

This two-storey home at 75 Gables Court in Canterbury Park is a study in contrasts, offering a practical and updated living space within a well-established neighbourhood. Built in 1976, its key appeal lies in its balance of a renovated interior and a manageable scale. The 1,080 sqft living area is notably above average for its immediate street, suggesting a efficient and comfortable layout. A significant feature is the renovated basement, which adds valuable finished space. However, the property sits on a smaller lot (1,629 sqft) that is well below average for both the neighbourhood and the city, which is reflected in its below-average assessed value. This creates a specific value proposition: you are purchasing an updated home, not extensive outdoor space.

The property would suit first-time buyers or downsizers seeking a move-in ready home with modern finishes in a mature area, without the maintenance of a large yard. It’s also a pragmatic choice for investors or buyers focused on interior condition over land size, as the lot statistics indicate this is very much a home-focused offering rather than a land-play.

Key Questions & Answers

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means finished living space, possibly including a recreation room, additional bedroom, or laundry area. It's a major asset, effectively increasing the usable square footage beyond the main living area.

2. How does the small lot size impact daily living?
The lot is significantly smaller than most in Winnipeg. This means minimal yard maintenance, which is a plus for those seeking a low-upkeep property. The trade-off is limited private outdoor space for gardening, play, or entertaining.

3. The assessed value seems low. Does that mean it's a bargain?
The assessed value is for municipal tax purposes and is consistently below averages here. It suggests the property may have a lower tax burden. However, the sale price is determined by the market. The home last sold for $210k in 2022, which is the more relevant figure for value.

4. The home is "above average" for its street in living area but "below average" in land size. What does that signify?
This interesting contrast indicates the house itself is relatively spacious for the street, likely making good use of its footprint. It points to a home that feels roomier inside than the property's exterior might imply, prioritizing interior space over a large yard.

5. What is the neighbourhood (Canterbury Park) like?
Canterbury Park is a mature, established neighbourhood. The data shows homes here generally have larger lots and were built more recently (average year built 1997), making this 1976 home one of the older ones on the street. This can offer tree-lined streets and settled community feel, but the property itself is an outlier in terms of lot size and age within the area.