Property Overview
This one-storey home at 147 Millwood Meadow in Canterbury Park is a compact, well-situated property built in 1986. It sits on a 3,269 sqft lot and features 1,013 sqft of living space, a renovated basement, and a detached garage. Recent sales data shows transactions in 2017 and 2019, both around the $29,500 mark, while its current assessed value is $34,600.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient scale and established location. With a living area that is notably above average for its immediate street, it offers a sense of space within a manageable footprint, ideal for low-maintenance living. The renovated basement adds valuable functional space. Its lot size, while below the neighbourhood and city averages, is typical for the street, suggesting a close-knit, modest-scale streetscape.
This property would suit first-time buyers seeking an entry into a mature neighbourhood without a sprawling yard to manage, or downsizers looking to rightsize into a single-level home with recent updates below ground. A thoughtful perspective is that, while the home's metrics are generally modest in the broader context, it ranks highly on its own street for living area, year built, and assessed value, indicating it is a solid performer within its specific micro-market.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is above average for its street but around average for the wider Canterbury Park neighbourhood, suggesting it is priced consistently with the local market.
2. Is the lot size a concern?
The lot is below the neighbourhood average but is standard for Millwood Meadow itself. It provides outdoor space without the upkeep of a larger yard, which can be a practical benefit.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This would be a key detail to clarify with the seller or listing agent.
4. Why have the sale prices been consistent?
The home sold for nearly identical prices in 2017 and 2019, indicating a stable, perceived market value for the property over that period.
5. How does the age of the home affect it?
Built in 1986, the home is newer than most on its street and significantly newer than the Winnipeg average. This can mean more modern construction standards, though systems like the roof and furnace will still be age-related considerations.