Property Overview
47 Millwood Meadow is a two-storey home in Canterbury Park, built in 1986. It features a renovated basement and a detached garage. The property stands out for its generous living space relative to other homes on its street and its significant increase in market value over recent years.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a standout property on its own street. With 1,275 sqft of living area, it offers substantially more interior space than the immediate neighbourhood average. The lot size is also above average for the street, providing good outdoor space in a mature setting. A key, less obvious strength is the home’s recent and substantial value growth; its 2022 sale price of $400k placed it in the top 1% on its street, a marked increase from its 2018 sale, suggesting strong investment in updates or desirable local momentum.
The renovated basement adds functional living space, ideal for a growing family, a home office, or a recreation room. The detached garage offers flexibility for parking, storage, or a workshop. This property would best suit buyers looking for a well-sized family home in an established neighbourhood, particularly those who value more interior space than is typical for the immediate area and appreciate a home with recent updates reflected in its value.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It offers more living space than most homes on Millwood Meadow. While its size is around the average for the wider Canterbury Park area and Winnipeg overall, it is notably larger than its direct neighbours.
2. What does the sale history indicate about the property?
The home sold for $290k in 2018 and $400k in 2022. This significant increase suggests substantial improvements were made or that the property’s value caught up to its larger size and features in a rising market.
3. Is the lot size typical for the area?
The land area is above average for Millwood Meadow but below average for the larger Canterbury Park neighbourhood and the city. This means you get a yard that’s generous for the street but not unusually large for the broader community.
4. What type of buyer would this home suit best?
It’s an excellent fit for a family or someone needing more interior space who wants to be in a mature neighbourhood. It would also appeal to a value-conscious buyer looking for a home that already has key renovations like the basement completed.
5. How does the assessed value relate to the recent sale price?
The current assessed value is $380k, which is closely aligned with the 2022 sale price of $400k. This indicates the city’s assessment is in step with the recent market activity for this specific home.