Property Overview
This is a classic 1955-built, single-storey home on an exceptionally large, approximately half-acre lot in Winnipeg's Marlton area. Its primary appeal lies in the rare combination of a spacious, flat parcel of land (over 21,000 sq ft) in a mature neighborhood, offering significant potential for expansion, gardening, or outdoor living. The home itself provides a solid, 1,540 sq ft foundation with an unfinished basement, presenting a clear value proposition for buyers looking for a property where the land is the key asset and the house offers room to personalize.
Key Characteristics & Ideal Buyer
The standout feature is the lot size, which ranks in the top 1% of all properties in Winnipeg, offering a level of privacy and space uncommon within the city. The house ranks above average for its size within the immediate area. This property suits two main types of buyers: first, the practical visionary who sees the long-term potential in the large lot—whether for a future addition, a workshop, or extensive landscaping. Second, it suits buyers who prioritize indoor-outdoor living and space over a modern, turn-key home, and are comfortable with a property that has a functional layout but may require updates. Its value is grounded in its land asset and solid structure, rather than high-end finishes.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement space is a blank canvas with essential structural and utility elements (like the furnace, water heater) in place, but without finished walls, ceilings, or flooring. It offers significant storage and future living space potential.
2. The assessed value seems lower than expected for such a large lot. Why?
Municipal assessments primarily reflect the current state and use of the property, not its full development potential. The valuation is likely weighted heavily on the original, modest 1955 home. The market price often reflects the premium for the land's future possibilities, which isn't fully captured in the assessment.
3. Is the lack of a garage a major drawback?
For some buyers, yes. However, the vast lot provides ample, easy space to add a detached garage or workshop, which could be seen as an opportunity to build exactly what you need. On-street parking is likely readily available in the interim.
4. The home is older. What should I be prepared for?
A home from 1955 will have older core systems (plumbing, electrical, roof) that require thorough inspection. While it may be structurally sound, budgeting for modernizations or unexpected repairs is prudent. The upside is often simpler layouts and solid construction.
5. How does the lot size compare to a typical city lot?
It's enormous. A standard Winnipeg residential lot is often between 5,000-7,500 sq ft. This lot is nearly three to four times that size, offering a rural-like feel within city limits, which is its most defining and rare characteristic.