154 Millwood Meadow

Property Overview: 154 Millwood Meadow, Canterbury Park

Key Characteristics & Appeal

This two-storey home, built in 1986, presents a compelling opportunity in Winnipeg's Canterbury Park neighbourhood. Its primary appeal lies in its strong relative value and efficient use of space. With 1,264 sqft of living area, the home is notably larger than most on its street, offering more interior room than 87% of its immediate neighbours. The property sits on a 3,445 sqft lot, which is also above average for the street, providing decent outdoor space.

A key feature is the renovated basement, adding modern, functional living space. The home possesses a detached garage. From an investment perspective, the assessed value ranks in the top 4% on its street, suggesting it is viewed as a premium property within its most immediate peer group. This combination—more living space than nearby homes, a modernized basement, and a strong positional value on its street—makes it a practical choice. It would suit first-time buyers or downsizers seeking a well-sized home in a settled neighbourhood without the premium of a new build, or an investor looking for a property that stands out positively in its micro-market.

Frequently Asked Questions

1. How does the lot size compare to the broader area?
While the land area is above average for Millwood Meadow street itself, it is below the average lot size for both the wider Canterbury Park neighbourhood and the city of Winnipeg. This indicates a more compact, low-maintenance yard compared to many other areas.

2. What does the "Elite" assessed value ranking on the street mean?
This means the municipal property assessment for this home is in the top 4% of the 68 homes on Millwood Meadow. It suggests that, according to that assessment, this is considered one of the more valuable properties on the street, which can be a positive indicator for its condition and features relative to its closest neighbours.

3. Is the home older or newer than typical for Winnipeg?
Built in 1986, the home is older than the average Winnipeg home (citywide average year built is 1966). However, it is actually newer than most homes in Canterbury Park, where the average home was built around 1997.

4. Was the last sale price consistent with the current assessment?
The home last sold in July 2016 for $27,400. The current assessed value is $36,600. This increase over eight years reflects market changes and any renovations completed, such as the basement update.

5. What is the context for the living area size?
The living area is a standout feature for the specific street, being significantly larger than the street average. It is, however, very close to the average size for both the Canterbury Park neighbourhood and the city as a whole, making it a comfortably average-sized home in the broader context.