Property Overview: 124 Marshall Crescent, Winnipeg
Key Characteristics & Appeal
This home is a classic 1956 bungalow in the Maybank neighbourhood, presenting a straightforward and affordable entry into Winnipeg’s housing market. With 1,041 sqft of living space on a 6,000 sqft lot, its metrics are consistently "around average" when compared to the wider city, suggesting it’s a typical, no-frills property for the area. Its primary appeal lies in its position as a value-oriented option. The assessed value is notably below average for its specific street, which could indicate an opportunity for a buyer comfortable with a home that may require updates. It would suit first-time buyers, practical downsizers, or investors looking for a stable rental property in a mature neighbourhood. A thoughtful perspective is that while the lot size is smaller than others on Marshall Crescent, it is still generous by city standards, offering manageable outdoor space without excessive upkeep.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The home’s assessed value is significantly lower than the average on its street. Market price is influenced by many factors beyond assessment, including condition and recent upgrades, so the last sold price range (CA$300k–350k in 2022) is a more current benchmark.
2. Is the smaller lot size a disadvantage?
While the lot is below average for Marshall Crescent, it is near the city average. This could be an advantage for those seeking less yard maintenance, while still providing decent outdoor space.
3. What might the "below average" assessed value on the street indicate?
This often reflects the home’s specific condition, features, or updates relative to its neighbours. It suggests a buyer should pay close attention to the state of major systems (roof, furnace, etc.) and potential modernization needs.
4. How can I find out the exact historical sold prices?
The listing service provides sold price ranges publicly. For the exact figure, you must request it directly from them via email, a process they handle manually.
5. Are homes from this era a concern?
A 1956 build is typical for the area. While it means potential for older components, it also often means simpler construction and proven durability. A thorough inspection is always recommended to identify any era-specific issues like original plumbing or wiring.