7 Marcus Place

Property Overview: 7 Marcus Place, Winnipeg

Key Characteristics & Appeal

This home at 7 Marcus Place in the Meadows neighborhood is a study in balanced, middle-of-the-market appeal. Built in 1978, it offers 1,252 sqft of living space, which is consistently average when compared to similar homes on its street, in the area, and across Winnipeg. This suggests a comfortable, established size without extremes.

The property’s standout feature is its lot. At 6,207 sqft, the land area is notably larger than most in the Meadows and above the city-wide average. This presents a valuable opportunity for outdoor space, gardening, or future expansion, setting it apart from many neighboring properties.

Its assessed value is modest relative to its immediate street, which may indicate a different valuation approach or condition, but aligns with area averages. A key piece of context is its sale in the 2021-2022 period for an estimated $350k-$400k, providing a recent market benchmark.

This home would suit practical buyers looking for a solid foundation in a mature neighborhood—perhaps first-time homeowners who value a larger yard over a brand-new build, or downsizers seeking single-level living without sacrificing outdoor space. Its appeal lies in its unpretentious, proportional offering: adequate interior space paired with a better-than-average lot, all at a value-oriented price point.

Frequently Asked Questions

1. How does the assessed value relate to the likely market price?
The current assessed value is significantly lower than the home's last sale price in 2021. Assessments for tax purposes often lag behind market values, so the sale history is a more relevant indicator of its market worth.

2. What does the "below average" ranking for assessed value on its street mean?
This indicates it has the lowest assessed value among the 11 homes on Marcus Place. This could be due to factors like updates, specific lot attributes, or simply municipal valuation cycles, and doesn't necessarily reflect its market sale price.

3. Is the larger lot a major advantage?
Yes, especially within the Meadows neighborhood. The lot size is in the top 18% for the area, offering more private outdoor space than many comparable properties, which is a permanent and desirable asset.

4. The home was built in 1978. What should I consider?
Homes of this age are typically solidly built but will likely have aging core components, like the roof, windows, and major mechanical systems (furnace, water heater). A thorough inspection is advised to budget for any necessary updates or maintenance.

5. How can I find out the exact past sale price?
The listing service provides an estimated sold price range based on public data. To obtain the precise sale price, you must request it via email from the service, as noted on the detail page.