Property Overview & Key Characteristics
This 1969-built bungalow at 229 Marlton Crescent offers a classic and spacious family footprint on a notably large, 12,218 sqft lot in Winnipeg's Marlton area. Its key appeal lies in the combination of generous indoor and outdoor space, featuring 1,527 sqft of finished living area that includes a developed basement. The property presents a practical, single-level layout with an attached garage.
Its standout characteristic is the exceptional lot size, which ranks in the top 3% of all properties in Winnipeg, offering rare potential for gardening, expansion, or simply ample private outdoor space. While the home itself is older, its assessed value and living area are competitive, ranking in the top quarter to third locally. This creates a value proposition centered on land ownership. It would suit buyers looking for a solid bungalow with a massive yard, whether they are growing families, downsizers seeking single-level living with room for hobbies, or long-term investors who recognize the intrinsic value of large urban lots.
A less obvious perspective is the home's positioning as a "blank canvas." The significant land asset provides options that smaller lots do not, whether for future additions, building a detached workshop, or simply enjoying a level of privacy uncommon in the city. The rankings suggest it's a property that offers more land than nearly any other, but with a house that has room for modernization, allowing buyers to add their own value over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Marlton, and across all of Winnipeg. For example, being in the "top 3%" for lot size in Winnipeg means only 3% of properties have a larger lot. It's a quick way to see where this home excels or is more average compared to its peers.
2. Is the basement included in the 1,527 sqft living area?
Typically, the main floor living area and the finished basement are stated separately. The 1,527 sqft figure likely refers to the above-grade living space of the bungalow. The listing confirms there is a developed basement, which adds significant additional finished space to the property's total usable area.
3. What are the implications of a home built in 1969?
Buyers should plan for a property inspection to assess the condition of major aging components, such as the roof, windows, plumbing, and electrical systems. The positive trade-off is that homes of this era are often known for solid construction and spacious room layouts on large lots.
4. Who is responsible for maintaining such a large yard?
The homeowner is responsible for all maintenance. A lot of this size requires considerable time or expense for lawn care, landscaping, and snow clearing in winter. However, it also offers tremendous flexibility for different uses, from low-maintenance natural gardens to creating distinct outdoor "rooms."
5. How does the assessed value relate to the likely selling price?
The municipal assessed value ($460,000) is for taxation purposes and is not a direct market appraisal. It can be a useful benchmark, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand for a property with these unique characteristics, particularly the lot size.