Property Overview

This bi-level home at 22 Millwood Meadow in Canterbury Park offers a practical and updated living space on a standard city lot. Its key appeal lies in being a well-maintained, turnkey property within its immediate area, having undergone a basement renovation. The home sits on a 3,273 sqft lot, which is typical for the street, and features 888 sqft of living space. Built in 1986, it is notably newer than many homes citywide and is on par with others on its street. A detached garage and the renovated basement add functional space. The assessed value is consistent with the local street average but sits below the broader neighbourhood average, suggesting it may represent a value-conscious entry point into Canterbury Park.

This property would suit first-time buyers or downsizers seeking a low-maintenance home in an established neighbourhood without a major renovation project. It’s also a pragmatic choice for an investor looking for a property with recent updates in a stable area. A less obvious perspective is that its "around average" metrics on its own street indicate a home that blends in comfortably, potentially offering predictability in terms of property taxes and resale value relative to direct neighbours.

Frequently Asked Questions

1. How does the living space compare to typical homes in Winnipeg?
At 888 sqft, the living area is below the average for both the Canterbury Park neighbourhood and the city overall. This indicates a more compact, efficient layout suited to individuals, couples, or small families.

2. What does the assessed value tell us about this property?
The assessed value is very close to the average for Millwood Meadow itself, suggesting it is priced in line with its direct surroundings. However, it is below the average for the wider Canterbury Park area, which could be a factor in its property taxes and perceived value.

3. The home was built in 1986. Is that considered old?
While 40 years old, the data shows it is actually newer than most homes in Winnipeg and is one of the newer homes on its own street. This age often means established infrastructure and mature landscaping, but with major systems potentially due for updates in the coming years.

4. What is the significance of the renovated basement?
The renovated basement adds valuable finished space to the home's footprint, which is particularly beneficial given the main living area is modest in size. It should be verified whether the renovation was permitted and the quality of the finish.

5. How does the lot size impact this property?
The land area is typical for the street but below average for the neighbourhood and city. This means smaller outdoor maintenance, which is a plus for some, but less private space than you might find on larger lots elsewhere in Canterbury Park.