Property Overview: 39 Marvan Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 39 Marvan Cove in Normand Park is a well-situated property that presents a compelling value proposition within the broader Winnipeg market. Built in 2008, it offers modern construction while being past its initial wear-and-tear phase. With 1,485 sqft of living space, it is notably smaller than most homes on its own street and in the immediate area, but it sits close to the city-wide average, suggesting an efficient, manageable layout. The lot size of 6,692 sqft is generous by city standards, offering ample outdoor space.
The primary appeal lies in its strong value positioning. The home's assessed value of $561k is above average city-wide, yet it is the most affordable property on Marvan Cove and sits around the median for the Normand Park area. This creates an opportunity to own in an established neighbourhood with larger, higher-value homes, often for a lower entry point. It last sold in 2016 for between $400k-$450k, indicating significant equity growth.
This property would ideally suit first-time move-up buyers seeking a modern home in a mature neighbourhood without the premium price tag of the largest houses on the block. It could also appeal to downsizers looking for a manageable single-level layout (assuming bungalow style, based on context) on a private lot, or value-focused investors recognizing the city-wide equity strength and the neighbourhood's stability.
Section 2: Frequently Asked Questions
1. Is this the smallest house on the street?
Yes, based on the provided data, this home has the smallest living area (1,485 sqft) compared to the other nine homes on Marvan Cove, which average about 2,032 sqft.
2. How does its value compare to the rest of Winnipeg?
Its assessed value of $561k ranks within the top 11% city-wide, meaning it is valued higher than approximately 89% of comparable homes in Winnipeg. This indicates strong underlying value in the broader market context.
3. What does the sold price history tell us?
The home sold in July 2016 for an estimated $400,000 to $450,000. The increase to its current $561k assessment suggests substantial appreciation over the past eight years, reflecting market trends and the area's desirability.
4. Is the lot a good size?
At 6,692 sqft, the lot is larger than about 80% of comparable city-wide lots. It is slightly below the average for Marvan Cove and Normand Park, but still provides significant outdoor space relative to most Winnipeg homes.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed on the site due to data source rules. You can request the full transaction history and exact figures by emailing the provided contact; they will manually look up the information and send it to you.