Property Overview: 3 Marine Drive, Normand Park, Winnipeg
Key Characteristics & Appeal
This property at 3 Marine Drive is a modern, well-sized family home built in 2013, offering a compelling blend of space, contemporary construction, and established neighbourhood value. Its primary appeal lies in its above-average scale and premium citywide standing. With 2,298 sqft of living area, the home is notably spacious, ranking within the top 5% of all Winnipeg homes. It sits on a 6,172 sqft lot, which is generous by city standards but is slightly smaller than others on Marine Drive itself.
The home’s assessed value of $837,000 places it firmly in the upper tier, ranking in the top 8% of Normand Park and an elite top 2% citywide. This indicates a property that holds significant value within the broader market. A key, less obvious perspective is that while the home is newer than most in the city, it is now over a decade old, potentially meaning major components are approaching mid-life maintenance cycles, albeit with many years of service remaining.
This home would best suit buyers looking for a move-in ready, modern property in a established neighbourhood, who prioritize interior space over having the largest lot on the block. It’s ideal for professionals or growing families seeking a home that offers both contemporary comforts and strong investment equity, as evidenced by its high assessed value ranking.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
While the 6,172 sqft lot is above average for Winnipeg and average for Normand Park, it ranks below average (83rd percentile) specifically on Marine Drive, where lots tend to be larger. This suggests you are getting a spacious yard by most standards, but not the largest on this particular street.
2. Is the home’s assessed value in line with its last sale price?
The home sold for an estimated $700k-$750k in late 2016. The current assessed value of $837k reflects market appreciation over the past eight years and is consistent with its high percentile ranking citywide.
3. What does the "Elite" ranking for Year Built mean?
Built in 2013, the home is newer than 95% of homes on its street and 97% in Normand Park. This means you benefit from modern construction standards, materials, and likely more efficient systems compared to much of the local housing stock.
4. Are exact historical sold prices available?
The site provides sold price ranges. For verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. What are the implications of the home being in the top 2% for value citywide?
This elite ranking signifies a substantial property investment within Winnipeg. It suggests higher property taxes relative to the median home and positions the property in a competitive price segment where buyer expectations for finish, condition, and location are correspondingly high.