Property Overview
This 884 sqft home, built in 1977, is a competitively positioned property within the Marlton area of Winnipeg. Its primary appeal lies in its exceptional standing within its immediate surroundings. The home ranks in the top 1% of its street and the top 0% of both its neighborhood and the entire city of Winnipeg when compared by lot size, suggesting a desirable and potentially spacious setting relative to other properties. While the home itself is modest in size and assessment value, its location scores highly. It suits first-time buyers or investors seeking an entry point into a well-ranked area, or those prioritizing land value and community standing over a large living space. A thoughtful perspective is that this property represents a "value anchor" in its community—its strong locational rankings may offer a degree of stability and desirability that outpaces its individual specifications.
Key Details & FAQs
- Key Characteristics: A 49-year-old, 884 sqft home on a lot that ranks exceptionally well for its size. No basement, garage, or recorded pool. Last sold in 2016 for $174,000, with a current assessed value of $172,000.
- Primary Appeal: The outstanding locational rankings for lot size indicate a premium position within a sought-after street and community, which is a significant driver of long-term property value.
- Ideal Buyer: Best suited for a budget-conscious buyer or investor whose strategy is to acquire land and location in a stable area, with the understanding the home itself may require updates or is valued for its foundational lot.
Frequently Asked Questions
1. What do the "top 1%" rankings actually mean?
They indicate how this property's lot size compares to others. For example, "top 1% on its street" means its lot is larger than 99% of the 173 other lots on Oakdale Drive, suggesting it is one of the most spacious properties in that immediate area.
2. If the lot ranks so highly, why is the assessed value relatively low?
The high ranking is specifically for lot size. The assessed value also reflects the age, size (884 sqft), and features of the dwelling itself. This combination suggests the land itself holds significant value, while the building is modest.
3. Is no basement a major drawback?
It limits storage and potential living space, which is reflected in the home's price and appeal. It may suit buyers who prefer single-level living or wish to avoid basement maintenance concerns, but it is a factor to consider for storage needs.
4. Who might this property NOT suit?
It may not suit buyers looking for a move-in-ready home with modern amenities, ample finished space, or garage parking, as it appears to be a more basic dwelling valued for its land.
5. The last sale was in 2016 for $174k. What does that tell us?
It indicates price stability in this specific property over the last several years, with the current assessment very close to that last sale price. It suggests the market has consistently valued it in this range.