Property Overview
This is a classic, single-story home built in 1953, situated on an exceptionally large, private lot of over 21,000 square feet in Winnipeg's Marlton area. Its primary appeal lies in the rare combination of a modest, 1,066 sqft finished home with a vast, blank-canvas yard, offering immense potential for expansion, gardening, or outdoor living. The home itself features a finished basement, providing additional living space.
It would best suit a buyer who values land size and future potential over a modern or large interior. This could be a handy person or builder looking for a property to renovate or expand significantly, a family dreaming of a huge private playground, or an investor recognizing the unique value of such a sizable urban lot. Its competitive rankings highlight a key strength: while the house is older and average in size for the area, the property size itself is in the 99th percentile for all of Winnipeg, making it a standout offering.
Key Questions & Considerations
1. What does the "finished basement" include?
Given the home's age and size, it's important to clarify the condition, ceiling height, and legal status of the basement finish to understand the true living space.
2. Why is the lot so large, and are there any usage restrictions?
A lot of this size is uncommon for the neighbourhood. It's wise to verify zoning bylaws to confirm possibilities for additions, outbuildings, or subdivision, which are central to the property's value.
3. How does the age of the home (73 years) affect major systems?
Prospective buyers should prioritize inspections for the roof, foundation, plumbing, and electrical systems, as updates may be needed or planned for.
4. What is the neighbourhood character like?
Marlton features a mix of older and newer homes. The large lot offers privacy, but it's valuable to experience the street's atmosphere firsthand, considering its appeal is more about land than the existing structure.
5. The assessed value is lower than many area homes; is this an opportunity?
The assessment reflects the older, smaller home on a large lot. This can indicate a lower tax base but also suggests the market price will be heavily influenced by the land's premium value and the buyer's vision for its use.