Property Overview & Key Characteristics
This two-storey home in Marlton’s Barnstaple Cove presents a compelling opportunity centered on space and value. Its primary appeal lies in its generous 2,553 sqft of living area and a substantial 10,089 sqft lot, offering room to grow and a sense of privacy uncommon in many newer subdivisions. Built in 1981, the home is well-established in a mature neighbourhood. Key features include an unfinished basement, providing a blank canvas for customization, and an attached garage.
The property’s standout metrics are its impressive rankings: its living area is larger than 98% of Winnipeg homes, and the lot size surpasses 94%. This combination suits buyers prioritizing interior and exterior space over a brand-new build. It would be an excellent fit for a growing family seeking room to spread out, a value-conscious buyer looking for a property with solid fundamentals and renovation potential, or someone who appreciates the established trees and character of a mature community.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement is a blank, usable space with essential structural elements (like foundation, floor, ceiling joists) in place, but without finished walls, floors, or ceilings. This is a significant opportunity to add customized living space, a recreational room, or additional bedrooms to suit your needs.
2. How significant are the lot size and space rankings?
Very. A lot over 10,000 sqft in the city is increasingly rare. Ranking in the top 6% of Winnipeg for lot size means exceptional outdoor space for gardens, play, or future additions. The top 2% ranking for living area confirms the home's above-average interior size, offering more room than the vast majority of local listings.
3. The home was built in 1981. What should I consider?
Homes of this era are typically built with sturdy construction but will likely have original or older major systems (like roof, windows, furnace, and plumbing). A thorough inspection is crucial to understand the condition and to budget for any updates or maintenance, balancing the purchase price with potential future investments.
4. What is the neighbourhood like?
Marlton is a mature, established neighbourhood in Winnipeg. This often translates to larger lots, mature tree canopies, and settled community feel. Buyers should explore the area to assess proximity to amenities, schools, and transit that match their lifestyle.
5. How should I interpret the assessment value in relation to the asking price?
The municipal assessment of $562,000 is used for calculating property taxes and is not a direct market valuation. The market price is determined by current supply, demand, and recent sales of comparable homes. The assessment does indicate the city's view of the property's relative value, which here sits in the top 10% for Winnipeg.