Property Overview & Key Characteristics
111 Millwood Meadow is a well-situated bi-level home in Canterbury Park, built in 1985. Its primary appeal lies in its generous, above-average lot size of over 6,400 square feet, which places it in the top tier for land area both on its street and within the neighbourhood. This offers significant outdoor space and potential in a mature community. The home features a renovated basement and a detached garage. With 958 square feet of living space, the interior is compact and efficient, typical of the bi-level style, making it a manageable size for upkeep.
The property would suit first-time buyers or downsizers looking for a solid entry into a stable neighbourhood without the maintenance of a large house, but with the benefit of a sizable yard. It also appeals to value-oriented buyers or investors who recognize the underlying value of the land and the upside potential of the renovated basement, viewing the modest living area as a canvas for future expansion or modernization.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,415 sqft lot is a standout feature. It's significantly larger than the average lot on Millwood Meadow (approx. 3,515 sqft) and in Canterbury Park (approx. 4,807 sqft), offering more privacy and outdoor space than most nearby properties.
2. The home was built in 1985. What should I consider?
While the building itself is older than many on its street, its assessed value remains strong locally, suggesting it has been maintained. A thorough inspection is recommended to understand the condition of major 40-year-old components like the roof, windows, and foundation.
3. Is the living space too small?
At 958 sqft, the living area is below the neighbourhood average. This makes the home efficient and cost-effective to heat and maintain, but requires thoughtful use of space. The renovated basement and large lot effectively expand the usable area.
4. What does the assessed value indicate?
The assessed value ($34.90k) is above average for Millwood Meadow. This often reflects the desirable lot size and recent improvements like the basement renovation, even with a smaller main footprint.
5. Who would this property not suit?
It may not be ideal for those seeking a modern, open-concept layout without renovation work, or for families requiring multiple large bedrooms and ample main-floor living space immediately. The value here is in the land and potential, not in move-in-ready square footage.