Property Overview
This one-and-a-half storey home on Marlton Crescent presents a compelling opportunity defined by its generous lot and solid foundation. Its primary appeal lies in the exceptional 17,023 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. This offers immense potential for gardening, expansion, or simply enjoying expansive private outdoor space. The home itself, built in 1957, offers a comfortable 1,798 sqft of living space, ranking above average in its immediate area. Key features include an unfinished basement, providing a blank canvas for customization, and an attached garage.
The property is well-suited for two main types of buyers: those with a vision for renovation and customization who value the long-term potential of a large lot over immediate move-in perfection, and growing families seeking space to spread out in a mature neighbourhood. Its strong ranking for lot size and recent sale value suggests it's a property with inherent, tangible assets rather than just cosmetic appeal.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings, often housing bedrooms in a cozy, character-filled layout common to its 1957 build year.
2. The lot is huge. Are there any restrictions on how it can be used?
While the lot size is a major asset, any plans for significant changes like adding a structure, pool, or subdivision would require checking with the City of Winnipeg's zoning bylaws and obtaining necessary permits.
3. The 2021 sale price was higher than the current assessed value. Why is that?
Assessed value is for municipal tax purposes and can lag behind market trends. The 2021 sale demonstrates what a buyer was willing to pay in a recent market, which can be a more current indicator of the home's market value than the assessment.
4. The basement is unfinished. What should I consider about this?
This is both a project and an opportunity. You'll want to investigate the foundation's condition, ceiling height, and any necessary moisture-proofing. The upside is the ability to finish the space to your exact needs, potentially adding significant value.
5. How do the community rankings for "age of home" work?
The home is newer than only 24% of houses in its community, meaning it's in an older, well-established neighbourhood. This often translates to mature trees, settled streetscapes, and possibly larger lots, but also means systems like plumbing, electrical, or the roof may be due for updates or have been recently modernized.