Property Overview
43 Millwood Meadow is a renovated bi-level home in Canterbury Park, built in 1986. With 691 sqft of living space on a 3,275 sqft lot, it presents a compact and efficient layout. Key features include a renovated basement and no garage. The home last sold in March 2018 for $230,000 and currently holds an assessed value of $290,000.
Key Characteristics & Appeal
This home’s primary appeal lies in its entry-level affordability and updated condition within a mature neighbourhood. The renovated basement adds functional living space, making the smaller main floor area more versatile. Its lot size is relatively standard for the immediate street but is below average for the wider area, suggesting a lower-maintenance yard.
The property would suit first-time buyers, downsizers, or investors seeking a turn-key home with minimal immediate renovation needs. Its below-average price point for Canterbury Park offers a pathway into a stable neighbourhood. A thoughtful perspective is that while the living space is compact, the renovation represents an opportunity to own a modernized interior without the premium often attached to fully updated homes in the area. Buyers should value efficient use of space over square footage.
Frequently Asked Questions
1. How does the lot size compare?
The 3,275 sqft lot is around the average for Millwood Meadow street but is below the average for both the Canterbury Park neighbourhood and Winnipeg overall, indicating a more manageable, low-maintenance yard.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to understand the finish quality, permits, and how it adds to the home’s living area.
3. Is the assessed value in line with the sale price?
The current assessed value is $290,000, which is notably higher than the 2018 sale price of $230,000. This reflects market changes and the assessed value for taxation, not necessarily the current market price. A new appraisal would be needed for financing.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of adding a shed or carport for storage and vehicle protection, especially during Winnipeg winters.
5. How does the living area compare to nearby homes?
At 691 sqft, the living area is below average for the street, neighbourhood, and city. This highlights a compact floor plan, making the renovated basement a key feature for additional space.