Property Overview: 78 Millbrook Lane, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This 1987 bi-level home at 78 Millbrook Lane presents a practical opportunity in Winnipeg's Canterbury Park neighborhood. Its key features include a renovated basement and a detached garage on a standard 3,345 sqft lot. The home’s primary appeal lies in its value-oriented positioning. With a living area of 769 sqft, it is a compact property, placing it below average in size for both the street and the wider neighborhood. This, combined with a recent sale price significantly below assessed value, suggests it may be priced accessibly for the market.
The property would suit first-time buyers or investors seeking an entry point into homeownership with immediate livability thanks to the updated basement. It’s less suited for those requiring ample indoor space. A thoughtful perspective is that while the home is smaller and older than many in Canterbury Park, it is actually one of the newer builds on its specific street, potentially implying fewer major age-related issues than direct neighbors. Its lot size is also perfectly aligned with the local street average, offering standard outdoor space for the area without excessive maintenance.
Frequently Asked Questions
1. Is the home smaller than others in the area?
Yes. With 769 sqft of living space, it is below the average for both Millbrook Lane and the broader Canterbury Park neighborhood, indicating a more compact layout.
2. How does the sale price relate to its assessed value?
The home sold in January 2023 for $28,500, which was below its assessed value of $31,400 at that time. This can sometimes indicate a motivated prior sale or a value opportunity, but current market conditions should be verified.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and the nature of the renovation to understand its quality and functionality.
4. How does the year built affect this property?
Built in 1987, the home is 39 years old. While this is older than the Winnipeg city average, it is actually the newest home on Millbrook Lane, which may be a relative advantage for systems and structure compared to immediate neighbors.
5. Is the lot a good size?
The 3,345 sqft lot is very close to the average for Millbrook Lane. It provides typical outdoor space for the street but is below the larger averages for Canterbury Park and Winnipeg as a whole, representing a lower-maintenance yard.