Property Overview & Key Characteristics
This bi-level home at 126 Millwood Meadow in Canterbury Park is a compact, no-frills property that presents a clear value proposition. Built in 1986, it is notably newer than many Winnipeg homes and sits on a modest, manageable lot. Its key features include a renovated basement and a very small living area of just 691 sqft. The home has no garage or pool.
Its primary appeal lies in its affordability and low maintenance footprint. With a recent sale price and assessed value significantly below city averages, it represents one of the most accessible entry points into homeownership in Winnipeg. It suits first-time buyers or investors seeking a straightforward, low-cost property, or those who prioritize location and a newer building year over interior space. A thoughtful perspective is that its compact size and smaller lot could be seen as an advantage for those seeking a minimalist lifestyle or wishing to keep utility and property upkeep costs to an absolute minimum.
Frequently Asked Questions
1. Is this a small house?
Yes, it is quite compact. With 691 sqft of living space, it is smaller than 97% of homes in Winnipeg. This makes for efficient, low-maintenance living but requires thoughtful use of space.
2. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific finishes and scope are not detailed. This should be verified during a viewing to understand the quality and layout of the additional space.
3. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's relatively small size (both land and living area) compared to typical Winnipeg homes. Value is driven by its physical attributes rather than its location or condition.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the practicalities of Winnipeg winters. The lack of a garage also means no additional storage or utility space, which is a factor given the home's smaller square footage.
5. The home is newer than many, but what might require attention?
While built in 1986 (newer than the city median), it is now 40 years old. Key systems like the roof, windows, furnace, and electrical should be inspected to understand their remaining service life and any upcoming capital costs.