Property Overview
137 Marine Drive presents a unique value proposition defined by its comparative standing. Built in 2010, it is a relatively modern home in a mature neighbourhood. Its key appeal lies in its city-wide value: with 1,797 sqft of living space, it is notably larger than the Winnipeg average home, yet it carries an assessed value ($614k) that is significantly above the city-wide norm. This suggests you are getting more house for your dollar compared to most of the market. However, on its own prestigious street and within the Normand Park area, it sits below average for both size and value, indicating it is one of the more modest and accessible properties in a high-value locale.
The property would suit practical buyers looking for a modern, low-maintenance home in an established neighbourhood without the premium lot size or square footage of its immediate neighbours. It’s ideal for those who prioritize interior space and recent construction over a sprawling yard, and for buyers who recognize the advantage of entering a desirable area at a relatively lower price point within that micro-market.
Frequently Asked Questions
1. Is this a good value for the money?
Based on assessed values, this home represents strong value city-wide, offering more space than average for its price bracket. Within Normand Park, it is priced around the neighbourhood average, making it a standard entry point for the area.
2. How does the lot size impact potential?
At 5,335 sqft, the lot is smaller than most on Marine Drive and in Normand Park. This likely means lower maintenance and landscaping costs, but may limit expansion possibilities like large additions or pools compared to neighbouring properties.
3. The home sold in 2016 for between $500k-$550k. What does that mean for today's price?
The 2016 sale price provides historical context, showing significant appreciation in assessed value to $614k. This growth aligns with broader market trends, but the exact current market value would be determined by recent comparable sales and present conditions.
4. What does it mean that the home is "below average" for its street?
On Marine Drive, this home is among the smallest and lowest-assessed properties. This isn't necessarily negative; it can mean more reasonable property taxes and a lower barrier to entry into a well-regarded street where most homes are larger and more expensive.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the data.