Property Overview: 84 Fairview Drive, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 84 Fairview Drive is a practical and affordable entry into Winnipeg’s Canterbury Park neighbourhood. Built in 1986, its key feature is a renovated basement, adding valuable finished space to the 921 sqft main living area. The property sits on a 3,299 sqft lot, which is a manageable size for low-maintenance outdoor living.

The primary appeal lies in its value proposition. With a historically low assessed value and a recent sale price well below city averages, it represents a lower barrier to entry for first-time buyers or investors. Its lot size is notably larger than many in the immediate area, offering a relative sense of space on the street. The home suits buyers prioritizing function and fundamentals over size or luxury—specifically, first-time homeowners, practical downsizers, or investors looking for a straightforward rental property. A thoughtful perspective is that while the living space is compact, the renovated basement and efficient lot size translate to lower ongoing utility and maintenance costs, aligning with a budget-conscious lifestyle.

Section 2: Frequently Asked Questions

1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes, especially if rental income is a consideration.

2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking is on-driveway or street, and storage solutions will need to be creative, potentially utilizing the renovated basement space.

3. The assessed value seems very low. Why is that?
The assessed value is for taxation purposes and reflects a specific point in time. It can be influenced by factors like home size, age, and recent sales in the area. The home’s sale price may provide a more current market valuation.

4. What are the advantages of a bi-level design?
Bi-level homes typically separate living and sleeping areas across two short flights of stairs. This can offer good noise separation and defined zones, but may not be ideal for those seeking single-level living.

5. How does the property rank for its age on the street?
Interestingly, while built in 1986, this home is among the newest on Fairview Drive itself. This could suggest more modern construction materials compared to immediate neighbours, though overall systems (roof, HVAC) will still be age-appropriate.