Property Overview: 11 Marcus Place, Winnipeg
Key Characteristics & Appeal
This home at 11 Marcus Place in the Meadows neighbourhood is a practical property that presents a clear value proposition. Built in 1978, it is a well-established home in a mature area. With 1,202 sqft of living space, it is slightly more compact than some immediate neighbours but sits around the average for the wider area, offering a manageable layout. Its standout feature is the 6,207 sqft lot, which is notably larger than many lots in the Meadows and across Winnipeg, providing excellent outdoor space potential.
The appeal lies in its balance. The assessed value is modest and in line with the neighbourhood, suggesting a relatively accessible entry point into the market. The generous lot size offers a tangible advantage for gardening, expansion, or simply enjoying more private outdoor room—a perk not always found in homes at this price point. It suits first-time buyers or practical downsizers looking for a solid, no-frills home with valuable land. It’s also a fit for value-oriented buyers who see potential in the lot size and are comfortable with a home that may require updates, given its age.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key asset. At 6,207 sqft, it is larger than over 80% of lots in the Meadows and ranks above average city-wide, offering more space than typical for the area.
2. What is the recent sales history?
The home sold in the $450k-$500k range in 2022 and for $300k-$350k in 2016. For the exact sold price, you can request details via email from the listing source.
3. Is the living space smaller than other homes on the street?
Yes, at 1,202 sqft, the living area is below the average for Marcus Place itself. However, it is very close to the average size for the broader Meadows neighbourhood.
4. What does the assessed value indicate?
The assessed value of $39,700 is around the neighbourhood average. It’s important to note that municipal assessed value for taxation is different from market value, which is influenced by current market conditions.
5. How can I see how this property compares to its immediate neighbours?
You can use the provided neighbourhood analysis page link to view an interactive map comparing this home to nearby properties by year built, living area, assessed value, and lot size.