Property Overview
2 Millbrook Lane is a 4-level split home built in 1986, situated on a generous 4,479 sqft lot in Canterbury Park. Its key appeal lies in the notable space it offers relative to its immediate surroundings. While the 1,489 sqft living area is comfortably sized for the city, the property truly stands out on its street for its above-average lot size and living space. The home features a renovated basement and a detached garage.
This property would suit a buyer looking for a established home in a mature neighbourhood, who values outdoor space and a sense of privacy more common in newer suburbs, but within an older, settled community. It's particularly well-suited for those comparing homes on Millbrook Lane itself, where it ranks highly for space. The renovated basement adds modern utility to the 1986 structure, offering a blend of character and updates.
Key Considerations & FAQs
1. How does this home truly compare to others in the area?
The data shows its greatest advantage is on its own street (Millbrook Lane), where it ranks in the top 4% for both land and living area. In the broader Canterbury Park neighbourhood and city-wide, it sits comfortably around average for size and value, meaning it offers strong local appeal without an extreme premium.
2. What does the "Elite" ranking for land area on the street actually mean?
With a lot size of 4,479 sqft, this property has significantly more land than the average home on Millbrook Lane (approx. 3,523 sqft). This suggests more backyard space, potential for gardening, or room for additions compared to its direct neighbours.
3. The home was built in 1986. What should I consider?
While newer than the Winnipeg city average, a 40-year-old home will have systems (roof, windows, furnace) at or beyond their typical lifespan. A thorough inspection is essential. The renovated basement is a positive update, but the scope of that renovation should be verified.
4. Is the assessed value a reliable indicator of the sale price?
The home last sold in July 2023 for $362,000, slightly above its current assessed value of $358,000. In a stable market, this suggests the assessment is relatively current, but market conditions always dictate the final sale price.
5. Who might this property not suit?
Buyers seeking a brand-new, low-maintenance home or those who prioritize a massive, modern floor plan may find the 1986 layout and average city-wide living space less appealing. Its strengths are best appreciated by those who value lot size and neighbourhood character over sheer interior square footage.