Property Overview
This 1984-built, one-storey home on a generous 7,311 sqft lot in Marlton offers a practical and established living environment. Its key appeal lies in its combination of a large, private yard and a fully finished basement, providing ample space for family living, hobbies, or potential rental income. The home’s 1,245 sqft of living space is efficiently laid out across a single level, which may suit those looking to avoid stairs. Recent market activity is confirmed by a 2022 sale at $425,000, with a current assessed value of $400,000.
This property would be well-suited for first-time buyers or downsizers seeking a manageable single-level layout on a substantial lot, or for value-focused investors attracted by the finished basement’s income potential. Its rankings indicate it is a competitively sized property within the wider Winnipeg context, but it presents as a more average offering within its immediate neighborhood and street, suggesting a grounded, no-frills opportunity.
Frequently Asked Questions
Q: How does the property rank compared to nearby homes?
A: The data shows a mix. Its lot and living area size rank very competitively across Winnipeg as a whole. However, within its specific street and community, its rankings for size, value, and age are more moderate, indicating it’s a typical home for the local area rather than a standout.
Q: What is the significance of the fully finished basement?
A: Beyond extra living space, a finished basement in a one-storey home effectively doubles the usable square footage. This is a major asset for growing families, for creating a separate entertainment or work area, or for generating auxiliary rental income.
Q: The home is 42 years old. What should I consider?
A: While major systems may have been updated, a home of this age warrants a close inspection of its original components, such as the roof, windows, and foundation. Its ranking as newer than 84% of homes in its community suggests the immediate area is well-established.
Q: Who might this property not suit?
A: Buyers seeking a modern, open-concept layout or recent renovations may find the 1980s floor plan and finishes require updating. It may also not suit those who prioritize being in a top-ranked home on their specific street, as the data shows it falls within the middle range locally.
Q: The assessed value is below the 2022 sale price. What does this mean?
A: Municipal assessments are for tax purposes and often lag behind market trends. The 2022 sale price is a concrete market data point. The difference could reflect market adjustments, the unique features a particular buyer valued, or updates made since purchase. It’s best used as a reference point, not an exact market value.