Property Overview
50 Millbrook Lane is a renovated bi-level home in Canterbury Park, built in 1986. Its key appeal lies in its efficient use of space and its position on a generous, above-average lot for its immediate street. The home features a renovated basement, adding to its liveable square footage. With no garage or pool, it presents a low-maintenance profile.
This property would suit first-time buyers or downsizers looking for an established neighbourhood with a manageable yard. Its assessed value is modest relative to the city, suggesting a potentially accessible entry point into the market. A thoughtful perspective is that while the living area is compact compared to the wider neighbourhood, the significant lot size offers valuable outdoor space and future potential that is rare on its street. The 2020 sale price indicates a history of being a value-oriented option.
Frequently Asked Questions
What does the "Top 8%" ranking for land area mean on Millbrook Lane?
It means this property's lot is larger than 92% of the other 24 lots on Millbrook Lane. For the street, it has an unusually spacious yard.
How does the living area compare to nearby homes?
At 814 sqft, the living area is about average for Millbrook Lane but is notably smaller than the typical home in the broader Canterbury Park area.
Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for municipal taxes is often lower than market value. Here, it's around $305k, but the home last sold for $270k in 2020. Market conditions and updates will determine the final sale price.
What are the implications of having no garage?
This means parking will be limited to the driveway, which is a consideration for vehicle storage, winter conditions, and potential future projects for adding sheltered parking.
The home is described as a "renovated bi-level." What does that typically include?
A bi-level home has two levels, with the main entry landing between them. A "renovated" basement suggests the lower level is finished as living space, which effectively doubles the usable area beyond the 814 sqft main floor.