Property Overview
This 1993-built bungalow at 217 Marlton Crescent presents a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, approximately 12,366 sqft lot, which places it in the top 3% of all properties in Winnipeg for land size. This offers rare potential for expansion, gardening, or outdoor recreation within the city. The home itself is a manageable 1,678 sqft one-storey layout with a finished basement and an attached garage, suitable for comfortable family living or downsizers seeking single-level convenience.
The property's competitive positioning is noteworthy. It ranks highly within its immediate neighborhood and across Winnipeg for lot size, recent build year, living area, and current assessed value (approximately $506,000). This suggests a well-maintained home in a stable area. The 2016 purchase price of $350,000 indicates significant equity growth. This home would best suit buyers prioritizing land over sheer interior square footage—ideal for those wanting room to grow, entertain, or simply enjoy a generous yard. It’s also a strong match for value-conscious buyers seeking a home with above-average metrics in its category, offering a balance of modern-enough construction and established community.
Frequently Asked Questions
Q: The lot is huge, but the house is a standard bungalow size. Is the property over-improved for the area?
A: The data suggests not. The home's high rankings for assessed value and living area within its own street and community indicate it is proportionally valued and aligns well with the local market, despite the standout lot size.
Q: How does the 2016 purchase price compare to today's value?
A: The 2016 purchase was $350,000. With a current assessed value of approximately $506,000, this represents substantial appreciation. It's important to note that assessed value is for taxation; a market appraisal would determine the current sale value.
Q: The home is 33 years old. What should I be aware of?
A: Built in 1993, major components like the roof, windows, HVAC, and appliances may be nearing or past their typical lifespans. A thorough inspection is crucial to understand the condition and any upcoming capital expenditures.
Q: The rankings show it beats 97% of Winnipeg for lot size, but only 48% within its own neighborhood. What does this mean?
A: This indicates Marlton is an established area with generally larger properties, which is a positive. Your immediate neighbors will have similar scale lots, preserving the character and value, while you still own a parcel that is vast by broader city standards.
Q: Is the finished basement included in the 1,678 sqft living area?
A: Typically, living area (or above-grade square footage) in Canadian listings does not include basement space, even if finished. The 1,678 sqft likely refers to the main and upper levels only. The finished basement adds additional usable space.