Property Overview: 77 Gables Court, Canterbury Park

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1976, presents a practical opportunity in Winnipeg's Canterbury Park neighborhood. Its primary appeal lies in its efficient use of space and its position on a larger-than-average lot for its immediate street. With 1,080 sqft of living space, the home is notably above average for Gables Court itself, suggesting a well-sized property within a context of more modest homes. The fully renovated basement adds valuable functional space.

The property’s standout characteristic is its land. At 3,257 sqft, the lot size ranks in the top 17% on its own street, offering more outdoor space than most direct neighbors—a relative rarity that provides room for gardening, play, or expansion. Conversely, the home’s assessed value is below average for the broader Canterbury Park area, indicating a potentially accessible entry point into the neighborhood.

This home would suit first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space. It’s a pragmatic choice for someone who values a larger lot and updated fundamentals (like the basement) over a newer build or premium finishes, and who is comfortable with a home that reflects the character and era of its construction.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The 3,257 sqft lot is significantly larger than the average lot on Gables Court (approx. 2,664 sqft), ranking in the top 17% on the street. This is the home's most distinctive advantage compared to its immediate neighbors.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits for this work are not detailed here. A buyer's inspection and inquiries with the seller are essential to understand the renovation's nature and condition.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. The current assessed value is $25.60k, but the home last sold in June 2021 for $25.10k. In Winnipeg, assessed values for tax purposes often differ substantially from market sale prices. Recent comparable sales in the area are a better guide for current market value.

4. What are the implications of the home being built in 1976?
As a 50-year-old home, major original components like the roof, windows, and mechanical systems (furnace, electrical) may be at or beyond their typical lifespan. While the basement has been renovated, the condition of these core elements should be a key focus during a professional inspection.

5. How does this property fit within the Canterbury Park neighborhood?
The home's living area and lot size are around or above average for its specific street. However, compared to the wider Canterbury Park neighborhood, its assessed value and lot size are below average, suggesting it is among the more modest properties in the area—which can mean a lower cost of entry into the community.