Property Summary: 353 Marlton Crescent
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home built in 1954, offering a rare combination of generous land and a quiet, established neighbourhood feel. Its primary appeal lies in its exceptionally large, private lot of over 21,000 square feet—a standout feature that ranks in the top 1% of all properties in Winnipeg for land size. This presents significant potential for gardening, recreation, or future expansion.
The home itself is a manageable 1,011 sqft bungalow with a finished basement and a detached garage. Its value is grounded in the land and location rather than modern finishes or size. It would perfectly suit a buyer looking for a solid starter home with unparalleled outdoor space, a downsizer seeking a single-level layout with room for hobbies, or a long-term investor who recognizes the inherent value of a large lot in a mature area. It’s a property for those who see the potential in space and location, willing to update the home over time.
Section 2: Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show this property’s strengths and context. Its land size is exceptional (top 1% in Winnipeg), but the home is older and smaller than many in its immediate area. This indicates you are primarily investing in the lot, with a liveable home included.
2. Is the large lot a benefit or a burden?
It’s a major benefit for privacy, space, and potential, but it also means higher property taxes and more yard maintenance. The value is for those who will actively use and appreciate the outdoor space.
3. Given the age, what should I budget for immediately?
While the basement is finished, a 1954 home will likely require attention to major aging components. A thorough inspection is crucial, and you should budget for potential updates to roofing, windows, plumbing, or electrical systems.
4. How does the detached garage impact winter use?
A detached garage, common for the era, means you’ll be exposed to the elements when going between your car and house. This is a practical consideration for our climate, though some see it as a trade-off for a quieter, separate workshop space.
5. Why is the assessed value relatively moderate compared to the lot size?
Municipal assessments often don’t fully capture premium value for ultra-large lots in established neighbourhoods. The assessment reflects a blend of the older, modest-sized home and the land, making the market value highly dependent on what a buyer is willing to pay for that rare lot.