Property Overview
This single-storey home on Marlton Crescent presents a compelling opportunity centered on its exceptional lot and established setting. Its primary appeal lies in the rare combination of a very large, mature property in a well-regarded neighborhood, paired with a modestly sized and older but functional home. The nearly half-acre lot (21,265 sqft) is a standout feature, offering immense privacy, space for gardens, recreation, or future expansion, and ranking in the top 1% for size across Winnipeg. The home itself is a classic 1963 bungalow with 1,207 sqft of living space and a finished basement, representing a solid, move-in-ready canvas.
This property is ideally suited for two main types of buyers. First, it's perfect for those who prioritize land and location over a large or modern house—buyers seeking space for children, pets, gardening, or simply the tranquility of a large, treed yard. Second, it appeals to long-term visionaries who see the potential to renovate or eventually rebuild on one of the area's premier lots, making it a strategic land purchase with a liveable house included. Its strong assessment value ranking suggests it's a substantial asset in a desirable area.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond the obvious privacy and space, a lot of this size in Marlton is a scarce commodity. It offers long-term flexibility that smaller parcels cannot, whether for adding a large garage, creating extensive outdoor living areas, or holding future development potential. The data shows it outperforms 99% of Winnipeg properties on lot size alone.
2. Is the house in good condition for its age?
The home has been maintained and lived in, with a finished basement adding usable space. As a 63-year-old property, buyers should anticipate elements typical of its era, such as original windows or older mechanical systems, and budget for ongoing maintenance or updates to suit their taste. Its condition is reflected in it being a functional home rather than a renovated showcase.
3. Who would this property not suit?
It may not be the best fit for buyers seeking a modern, low-maintenance, or immediately energy-efficient home without planning further investment. Those who prefer a compact yard or a brand-new interior finish might find the property's charm lies more in its potential than in its current state.
4. How does the 2016 sale price compare to the current assessment?
The home sold for $390,000 in late 2016. The current assessed value of $445,000 indicates steady market appreciation for the property over the past several years, consistent with the desirability of the location and lot.
5. What is the neighborhood like?
Marlton is an established, mature neighborhood. The property's rankings show it sits comfortably above the majority of homes within its own community for both lot size and overall assessed value, indicating it is considered a premium property within an already well-regarded area. It offers a quiet, residential feel with significant greenery.