3 Millwood Meadow

Property Overview

3 Millwood Meadow is a renovated bi-level home in Winnipeg's Canterbury Park neighbourhood. Built in 1986, it sits on a 3,798 sqft lot, which is notably above average for its immediate street. The living space is a compact 861 sqft, and the home does not have a garage or pool. Its most recent sale was in June 2021 for $29,700, and its current assessed value is $30,700.

Section 1: Key Characteristics & Appeal

This home’s primary appeal lies in its balance of a renovated interior, a relatively generous lot for the area, and a very accessible price point. The renovated basement adds functional living space to the modest main-floor square footage. While the living area is below the neighbourhood average, the lot size is in the top 15% on its street, offering valuable outdoor space or future expansion potential uncommon for homes in this price tier.

It would suit first-time buyers, downsizers, or investors seeking an entry into the market with a move-in-ready foundation. The low taxes associated with its assessment are a practical advantage. A less obvious perspective is its appeal to those who prioritize land over square footage—the lot provides a sense of space and privacy that isn't always available with similarly priced homes, offering room for gardening, play, or a future addition.

Section 2: Frequently Asked Questions

1. Is the home truly move-in ready?
The listing confirms a renovated basement, suggesting key updates have been made. A viewing and inspection are recommended to confirm the scope and quality of the renovations and the condition of the main floor.

2. How does the lack of a garage impact daily living?
Buyers should plan for street parking and consider the implications for vehicle storage during Winnipeg winters. The large lot, however, may allow for the future addition of a garage or shed, subject to local bylaws.

3. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is typically below market value. Its lower assessment compared to neighbours can be a financial benefit, resulting in proportionally lower property taxes.

4. Is the living space too small for a small family?
The bi-level design with a renovated basement creates distinct living zones, which can help a small family feel less cramped. The functional layout and outdoor space would be key factors in making it work.

5. Why is the lot size significant for this property?
On a street of similar homes, this property's lot is larger than most. This is a standout feature that adds value, providing more usable yard space and greater flexibility for future outdoor projects or expansions compared to neighbouring properties.