Property Overview
This 820 sqft one-storey home at 151 Millwood Meadow in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Built in 1986, it sits on a 3,269 sqft lot and features a renovated basement and a detached garage.
Key Characteristics & Appeal
The primary appeal of this property is its value proposition within a mature neighbourhood. While the living space is compact, the renovated basement adds functional square footage, effectively creating a multi-level living area. The detached garage offers valuable storage or workshop space. Its lot size is modest for the immediate street but is actually larger than many city-wide averages, offering decent outdoor space for its footprint.
This home would suit first-time buyers, downsizers, or investors looking for a manageable property with recent updates (the basement) in an established area. Its assessed value is squarely average for its street, suggesting a stable, non-speculative pricing environment. A thoughtful perspective is that its older construction date (1986) is actually newer than most on its block, potentially meaning fewer major age-related issues than immediate neighbours, while the below-average sale price history indicates room for equity growth.
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 regulations if considering rental income.
2. How does the property's value compare to the area?
The home's assessed value is around average for Millwood Meadow street but below average for the wider Canterbury Park neighbourhood, positioning it as a more affordable option in the area.
3. What is the significance of the lot size rankings?
The lot is below average for Canterbury Park but still ranks in the top 74% on its own street. This indicates a cozy, low-maintenance yard that is actually proportionally larger than many lots in the wider city.
4. Are there any concerns with the home's age?
Built in 1986, the home is newer than many on its street and the city median. Key systems like roofing, windows, and heating may be reaching or have undergone replacement age, so a thorough inspection is advised.
5. What does the sale history indicate?
The home last sold in September 2019 for $27,200, which was below average at the time for the street, neighbourhood, and city. This could reflect its condition at the time or a unique circumstance, and it may represent a value opportunity for the current buyer.