Property Overview: 277 Marlton Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home on a large, mature lot in the Marlton area of Winnipeg. Built in 1972, the property offers a spacious, fully finished basement and an attached garage. Its primary appeal lies in its generous 13,067 sqft land size, which ranks in the top 3% of all properties in Winnipeg, offering exceptional outdoor space and privacy that is rare to find. With a living area of 1,270 sqft, the home provides comfortable, single-level living.
The property’s value is underscored by its municipal assessment, which ranks higher than the majority of homes across the city. It suits buyers looking for a solid, no-fuss bungalow with immense yard potential—perfect for gardening, recreation, or future expansion. It would particularly appeal to those who prioritize land size and established neighbourhood character over a brand-new build, and who see the value in a home that offers space to grow into, both inside and out. The high city-wide ranking for lot size suggests this is a standout feature that holds long-term value.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 3% in Winnipeg") actually mean?
This data compares the property's key metrics (like lot size, age, value) against other homes on its street, in its neighbourhood, and across all of Winnipeg. For example, being in the "top 3% for lot size in Winnipeg" means only 3% of city properties have a larger land area, highlighting a truly premium feature of this home.
2. Is a 54-year-old home a concern?
While the age means some systems may need updating, it also often indicates construction quality and mature landscaping. The key is to have a thorough inspection to understand the condition of the roof, foundation, wiring, and plumbing, which are typical focus points for homes of this era.
3. How can the lot be so large, yet the house itself is a standard size?
This is a common characteristic in older, established neighbourhoods where homes were built with generous setbacks and spacious yards. It presents a fantastic opportunity: you're purchasing significant outdoor living space and privacy that is very difficult to find in newer subdivisions.
4. What is the benefit of a fully finished basement?
It immediately adds usable living space without the need for a renovation. This can be vital for accommodating a growing family, creating a separate recreation or home office area, or generating potential rental income, all while the main floor remains a complete living space.
5. The assessment value is given, but how does that relate to the selling price?
The municipal assessment is for tax purposes and is one data point used to determine property taxes. The market selling price is determined by current buyer demand, recent sales of comparable homes, and the property's condition. It can be higher or lower than the assessed value.