Property Summary: 58 Millbrook Lane, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1986, presents a practical opportunity in the Canterbury Park neighbourhood. Its primary appeal lies in its efficient use of space and its lot. With 1,291 sqft of living area, the house is notably larger than most others on Millbrook Lane, offering more interior room than typical peers. The land size of 4,028 sqft is also above average for the immediate street, providing a decent outdoor space in a mature area.
The property suits buyers with a clear vision for updates, as the basement is noted as unrenovated. There is no garage or pool. Its assessed value sits in a moderate range for the city, but the last sale price was notably below average for the neighbourhood, which may indicate room for value growth or a project-oriented starting point. This home would be a strong fit for a first-time buyer or an investor looking for a solid footprint in a stable area, who is comfortable with a home that offers good baseline space but requires some modernization. A less obvious perspective is that its above-average specs for the street could provide a relative sense of privacy and space compared to direct neighbours, while still being part of a tight-knit, established community.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
The living area is significantly larger than most on its street, ranking in the top 8%. The lot size is also above average for Millbrook Lane, though it is closer to the city-wide average for neighbourhoods.
2. What should I know about the condition?
The listing specifically notes the basement has not been renovated. A prospective buyer should budget for potential updates and include a thorough inspection to understand the full scope of any work needed.
3. Why was the last sale price below neighbourhood averages?
The home sold for less than the typical Canterbury Park home in late 2022. This can be influenced by many factors, including condition at the time of sale, market timing, or specific terms of the transaction. It underscores the importance of understanding the property's history and current state.
4. Is the assessed value a reliable indicator of the listing price?
Not directly. The municipal assessed value for taxation purposes was $33.30k. Market listing and sale prices are determined by current market conditions, recent comparable sales, and the property's present state, which often differ from the assessed value.
5. What are the practical implications of having no garage?
This means all vehicle parking will be on the driveway or street. It also affects storage for tools, seasonal items, and vehicles during Winnipeg winters, a factor for buyers to consider in their planning and budgeting.