Property Overview
32 Millfield Drive presents a distinct value proposition defined by a significant contrast between its modest home and its expansive lot. Built in 1950, the 1,016 sqft house is smaller and older than most in its immediate area, Minnetonka, and across Winnipeg. However, it sits on a remarkably large 20,738 sqft lot, placing it in the top 3% of the neighbourhood and the top 1% city-wide for land area. The assessed value is below average for the street and area but aligns more closely with the city median. This property last sold for an estimated $300k–$350k in 2023.
Key Characteristics & Appeal
The primary appeal here is the land. The lot size is exceptionally rare, offering immense potential for gardening, recreation, expansion, or future redevelopment. The house itself is a practical, no-frills starter home. Its below-average size and age suggest it may require updates, but this also contributes to a more accessible price point relative to the land value. The property suits two main types of buyers: first-time buyers or downsizers who value generous outdoor space over a large interior and are comfortable with a home that may need gradual modernization, and investors or visionaries who see the long-term potential in the land itself, whether for holding, renovation, or future building projects.
Frequently Asked Questions
1. Is the house in good condition?
The listing does not provide a condition report. Given the home's age (76 years), a thorough inspection is essential to assess the state of major systems like plumbing, electrical, and the foundation, and to identify any necessary repairs or updates.
2. Why is the lot so much larger than others?
This is likely a relic of the area's original subdivision patterns in the mid-20th century. Such large lots are now uncommon, making this a standout feature that offers privacy and space rarely found in established neighbourhoods today.
3. How does the assessed value relate to the likely selling price?
The assessed value for municipal tax purposes ($37,200) is typically lower than market value. The 2023 sale in the $300k–$350k range is a more accurate indicator of current market value, reflecting both the condition of the home and the premium for the large lot.
4. What are the possibilities for expanding or rebuilding on this lot?
The large lot certainly creates options, but any expansion or new construction would be subject to City of Winnipeg zoning bylaws, setback requirements, and permitting. A buyer should consult the local zoning rules early in their planning process.
5. The home is smaller than average. How does the layout function?
While the square footage is modest, the floor plan is not described. Buyers should consider if the layout is open or compartmentalized and whether it can accommodate their daily needs. The value often lies in the potential to reconfigure or add on to the existing structure over time.