Property Overview & Key Characteristics

This 1986 bi-level home at 14 Millwood Meadow in Canterbury Park is a compact, efficiently designed property with a renovated basement. Its key appeal lies in its balance of updates and a manageable scale, positioned on a lot that is average for its immediate street but below average for the wider neighbourhood and city. This creates a specific value proposition: it offers a turn-key lower level in a well-established area without the upkeep of a larger property.

The home’s living space is notably compact at 691 sqft, placing it well below average for the area, which suggests a focus on essential, efficient living rather than spaciousness. The assessed value is correspondingly below local averages, indicating a potentially accessible entry point into the market. Its strongest characteristic is its year of build relative to its street, as it is newer than most immediate neighbours, potentially meaning fewer major age-related repairs in the near term compared to older peers.

This property would suit first-time buyers or downsizers seeking a low-maintenance home with modernized basics in a mature neighbourhood. It’s less suited for those requiring multiple bedrooms, extensive living areas, or garage parking.

Frequently Asked Questions

1. Is the living area of 691 sqft accurate for the whole home?
Yes, the listed living area refers to the above-ground portion. The home is a bi-level, meaning the renovated basement adds additional functional space, but it is typically not counted in the official living area square footage.

2. How does the lack of a garage affect daily living and value?
The absence of a garage is a trade-off for the lower price point. It means relying on street parking and requires planning for vehicle protection during Winnipeg winters. For some buyers, this is an acceptable compromise for an otherwise updated home in a settled area.

3. The lot is smaller than the neighbourhood average. What does this mean practically?
While the lot is around average for Millwood Meadow itself, it is smaller than many in Canterbury Park. This translates to less yard maintenance, which can be a benefit, but also less private outdoor space for gardening or recreation compared to other area homes.

4. The home last sold in 2021. What might this indicate?
The sale in June 2021 occurred during a notably active market period. A buyer may want to understand the reasons for the relatively short ownership period to ensure there are no undisclosed issues, but it could also reflect a change in the previous owner's circumstances.

5. The assessed value is significantly lower than the last sale price. Why?
Municipal assessed value for taxation purposes often lags behind current market values and uses a different valuation method. The 2021 sale price is likely a more current reflection of its market worth, though conditions have changed since then. The low assessment, however, suggests relatively lower property taxes.