Property Overview: 41 Millfield Drive, Winnipeg

Key Characteristics & Appeal

This home presents a compelling mix of space, vintage charm, and land value. Built in 1947, it offers 1,558 sqft of living area, which is notably above average for its immediate street and the wider city. Its most standout feature is the generous 18,345 sqft lot, placing it in the top 3% of the Minnetonka area and top 2% city-wide for land area. This creates significant potential for gardening, expansion, or simply enjoying ample private outdoor space.

The appeal lies in this unique balance. You get a home with a solid amount of interior space on a truly expansive lot, yet the assessed value remains relatively moderate compared to the neighborhood and city averages. This suggests an opportunity for buyers who prioritize land size and see value in a property where the lot itself is a major asset. It would suit a buyer comfortable with the character and potential maintenance of an older home, who values room to grow and privacy over a modern build. It's also a fit for those with a vision to update or expand, leveraging the existing spacious footprint and exceptional lot.

Frequently Asked Questions

1. What does the "below average" ranking for Year Built mean for me?
It confirms the home is older than most in its comparison groups. This typically means potential for charming architectural details, but also necessitates a thorough inspection for aging components like the roof, plumbing, electrical, and insulation to understand future maintenance or upgrade needs.

2. The assessed value seems low relative to the lot size. Why is that?
Assessed value for tax purposes doesn't always directly correlate with market value or specific features. A lower assessment on such a large lot can sometimes indicate the improvements (the house itself) are valued modestly due to age or condition, while the land is a separate, highly valuable asset. This can be attractive to buyers who see the land as the primary long-term investment.

3. How reliable are the sold price ranges shown?
The ranges are based on available public data. For the exact historical sold price, you must request it via the provided email service. This step ensures accuracy, as some public records only show broad price brackets.

4. What is the practical benefit of such a large lot?
Beyond privacy and space, an "elite"-sized lot in the city offers rare flexibility. It could accommodate additions like a large garage, workshop, or sunroom. It provides ample room for landscaping, recreational areas, and gardens while still maintaining distance from neighbors. Future subdivision potential, subject to zoning, could also be a consideration.

5. Who are the "comparable homes" in these rankings?
The comparisons are made on three levels: homes on the same street (Millfield Drive), within the broader Minnetonka area, and across the entire city of Winnipeg. The "comparable" group typically includes properties of similar use (e.g., single-family homes), allowing you to see how this property stacks up in different contexts.