Property Overview
150 Millwood Meadow is a 4-level split home built in 1986, situated in Winnipeg's Canterbury Park neighbourhood. Its key appeal lies in offering above-average interior space on a modestly-sized lot, presenting a specific value proposition. The home features a renovated basement and a living area that is significantly larger than most on its street. It last sold in January 2020.
Key Characteristics & Buyer Profile
This home stands out for its efficient use of space. While its land footprint is below average for the area, the living area of 1,281 sq ft is elite for its immediate street and on par with the wider city average. This suggests a home that is inwardly focused on functional living space rather than expansive outdoor grounds. The renovated basement adds to this usable square footage. The year built is older than the city median but is actually newer than many homes on Millwood Meadow itself.
Its appeal is for practical buyers who prioritize interior space and updates over a large yard or a new build. It would suit first-time buyers or downsizers looking for a manageable property without sacrificing room inside. The below-average sale price history and assessed value for the Canterbury Park area indicate a potentially accessible entry point into the neighbourhood. A thoughtful perspective is that this property represents a "value densification" on its lot—it offers more house than one might expect for the street, which is ideal for those less concerned with gardening or outdoor space.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
The home's living area is in the top 4% on its own street, meaning it offers significantly more interior space than most direct neighbours, whose homes average about 913 sq ft.
2. Is the assessed value typical for Canterbury Park?
No, the assessed value is below the average for the Canterbury Park neighbourhood, placing it in the top 82% (meaning 82% of area homes have a higher assessed value). This could suggest a different valuation approach or features compared to area averages.
3. What does the "4-level split" design mean for daily living?
This design typically creates multiple defined living areas across half-levels, offering good separation of space. It can be efficient for dividing living, sleeping, and recreational zones, but involves more stairs than a bungalow or two-storey layout.
4. The land area is noted as below average. How significant is this?
The lot is smaller than most in Canterbury Park and on Millwood Meadow. This means lower exterior maintenance but also limited space for additions, large decks, or extensive landscaping compared to area norms.
5. The home was built in 1986. What should I consider?
While 40 years old, it is actually newer than many homes on its street. Buyers should focus on the condition and age of major systems (roof, windows, HVAC) and the quality of the basement renovation, as updates would be key to modern comfort.