Property Overview & Key Characteristics
This is a well-maintained, single-storey home built in 1974, situated on a generous, nearly 6,000 sqft lot in Winnipeg's Marlton neighbourhood. Its key appeal lies in its combination of a spacious yard and a practical, fully finished basement, offering flexible living space within a modest 1,077 sqft footprint. The home presents a grounded opportunity for first-time buyers, downsizers, or hands-on investors. Its value is rooted in its land size and functional layout rather than high-end finishes, suiting those who prioritize outdoor space and potential over turn-key perfection. A thoughtful perspective is its relative newness within its immediate street, ranking newer than 83% of its neighbours, suggesting a street with established character where this home may require less immediate updating than older counterparts.
Who It Suits: This property is ideal for buyers seeking an affordable entry into homeownership with room to grow outdoors, or for those looking to downsize from a larger property without sacrificing yard space. It would also suit a practical investor looking for a property with a strong land-to-structure ratio.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings show how this home compares to others in the area for specific metrics. For example, it ranks highly for lot size but lower for interior square footage, clearly highlighting its profile as a land-value home with compact living space.
2. Is the finished basement included in the 1,077 sqft living area?
No, the 1,077 sqft figure typically refers to above-grade living space. The fully finished basement is additional square footage, adding valuable functional rooms like a rec room, office, or extra bedrooms.
3. The home is over 50 years old. What should I be mindful of?
While the home ranks as newer on its street, a 1974 build means core components like the roof, windows, plumbing, and electrical systems may be at or beyond their typical lifespan and should be carefully inspected.
4. There is no garage. How is parking accommodated?
The property listing does not mention a garage, so parking would be via driveway or street. The large lot does offer potential for adding a garage or carport, subject to local bylaws and permits.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $338,000 is for tax purposes and serves as a baseline. The actual market price will be influenced by current demand, condition, and comparable sales, and may be higher or lower than this figure.