This 1997-built, one-storey home on a large, 10,647 sqft lot in Winnipeg's Marlton area presents a specific and compelling value proposition. Its key appeal lies in the combination of generous outdoor space and a modern-enough build that avoids the major maintenance concerns of much older properties. With a fully finished basement and over 1,600 sqft of living space, it offers practical, single-level living. The home’s standout characteristic is its exceptional ranking in several metrics: it sits in the top 5% of all Winnipeg properties for lot size and the top 9% for assessed value, indicating a premium asset relative to the broader market. However, its rankings within its immediate neighborhood and street are more moderate, suggesting it is a well-positioned property in a solid area rather than the standout on its block.
This property would suit buyers looking for a long-term home with room to grow outdoors, perhaps for gardening, recreation, or future additions. It’s also a strong fit for those who prioritize single-level living but want more space than a typical bungalow lot provides. The high city-wide rankings on value and lot size point to an investment in a tangible asset—the land—which may appeal to the thoughtful buyer looking for stability and future potential.
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What does the mix of high city-wide rankings but lower street rankings indicate?
It shows this property is a large, valuable lot by Winnipeg standards, but is on a street and in a neighborhood where many properties are also substantial. You're buying into an established area of larger homes, not an outlier.
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The assessed value has risen significantly since the 2017 purchase. Is this accurate?
The current assessment ($573,000) is well above the 2017 sale price ($452,000). This reflects the broader market increase over seven years. Buyers should use this as a baseline for taxes and should seek a current market evaluation to inform their offer.
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Is a 1997-built home considered modern or dated?
It's a transitional age. Major systems like wiring and plumbing are modern, but the interior aesthetics (layout, finishes) likely reflect late-90s/early-2000s trends. This presents an opportunity: it's new enough to avoid costly vintage repairs, but may benefit from cosmetic updates.
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How usable is a 10,647 sqft lot in practice?
This is a major feature. It provides rare privacy and space for a city property, suitable for large gardens, play areas, or entertaining. Consider the maintenance required for landscaping and the potential for future outdoor living structures like a shed or deck.
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Who might this property not suit?
It may not be ideal for those seeking a turn-key, contemporary interior without any projects, or for buyers who prefer a low-maintenance, small yard. The single-storey layout with a finished basement also means all living space is on one level, which is excellent for accessibility but may not suit those wanting distinct separation between daily and entertainment spaces.