Property Summary: 365 Marlton Crescent
Section 1: Overview & Appeal
This is a classic, well-situated one-storey home built in 1956, offering a rare combination of generous land and established community charm. Its primary appeal lies in its exceptional, half-acre lot (21,747 sqft), which places it in the top 1% of properties in Winnipeg for land size. This provides immense privacy, space for gardens, recreation, or future expansion, setting it apart from typical suburban lots. The home itself is modest in size (1,056 sqft) with a finished basement, presenting a solid foundation. It suits buyers looking for a long-term family home where the land is the true asset, or those seeking a peaceful retreat within the city. It’s ideal for someone with a vision—whether that’s enjoying mature greenery, adding onto the existing structure, or simply valuing outdoor space over a large interior footprint. The property’s high land value and rankings suggest it’s a stable investment in a desirable area, likely appealing to those who prioritize lot potential and location over a move-in-ready modern layout.
Section 2: Key Questions (FAQs)
1. What does the ranking data actually tell me?
The rankings show this property excels in land size (top 1% in Winnipeg) and assessed value is strong (top 27% in Winnipeg). However, the house is older and smaller than many in its immediate area. This indicates you are purchasing primarily for the prestigious lot in a well-regarded community.
2. Is the house itself outdated?
Built in 1956, the home will likely require updates to mechanical systems, windows, or insulation consistent with its age. The finished basement adds living space, but a thorough inspection is recommended to understand the condition and scope of any modernizations needed.
3. Who would this property not suit?
It may not suit buyers seeking a large, modern interior or a low-maintenance, turn-key property. The appeal is for those who value land and are willing to maintain or gradually improve the existing home.
4. Are there any hidden costs to consider with such a large lot?
Potentially. Property taxes may be influenced by the high land value. Maintenance of the extensive grounds (lawn care, landscaping) requires more time or expense. Always verify any local bylaws regarding lot usage or potential development.
5. Why is the assessed value higher than the price might suggest?
The assessment reflects the market value of both the land and the building. Here, the land value is likely a significant driver, as it is a scarce commodity. The sale price will ultimately reflect the market’s view of the total package—high-value land paired with a home that may need investment.