Property Overview & Key Characteristics
This 1977-built, 884 sqft home in Marlton presents a straightforward and affordable entry point into the Winnipeg market. Its primary appeal lies in its exceptional value positioning and proven stability within its immediate surroundings. The property ranks in the top 1% of its street and the top 0% of both its community and all of Winnipeg for its lot size, suggesting a well-established, spacious setting that is increasingly rare for the price point. While the home itself is modest in size and age—ranking higher in the middle tiers for these metrics—its very low assessed value places it firmly in the affordable category, appealing to those seeking minimal property tax burdens.
The profile suits first-time buyers or practical investors looking for a low-cost foothold in a mature neighbourhood. Its appeal is not in luxury finishes or size, but in fundamental utility and financial accessibility. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a stable, long-standing part of the community fabric where the land itself may hold more long-term value than the current structure. It’s a home for those who prioritize location and lot over turn-key condition, seeing potential in simplicity or a future renovation project.
Frequently Asked Questions
1. What does ranking in the "top 0%" for lot size actually mean?
It means this property's land area is larger than every other comparable property listed in its community and across Winnipeg in the database. On its specific street, it's in the top 1%. This indicates a potentially more private or spacious yard than is typical, especially for an affordable home.
2. The home is older and smaller than many others. What are the advantages?
The clear advantages are a lower purchase price and correspondingly lower municipal property taxes, as reflected in the $166,000 assessment. It offers a manageable space with lower maintenance costs, ideal for minimizing ongoing expenses.
3. Is there a basement or garage?
According to the listed details, this property has no basement and no garage. Storage and parking will need to be considered within the footprint of the home or on the property lot.
4. Who would this property not suit?
It would likely not suit buyers looking for a modern, move-in-ready home with ample finished space, basement storage, or garage parking. It's best for those with a budget-focused mindset or a vision to update over time.
5. The build year is 1977. What should I be mindful of?
While the home has stood for nearly 50 years, key systems like roofing, plumbing, electrical, and insulation may be at or beyond their typical service life. A thorough inspection is essential to understand any needed updates or repairs, which should be factored into the overall investment.