Property Overview: 27-90 Marlow Court, The Maples, Winnipeg
Key Characteristics & Appeal
This is a compact, no-frills property built in 1970, offering one of the most accessible price points in Winnipeg. Its primary appeal lies in its extreme affordability, with a very low assessed value and recent sale price. At 658 sqft, it is notably smaller than most homes in the area, ranking in the top 3% of Winnipeg for compact living space.
The data suggests it is best suited for a specific type of buyer: those seeking the absolute minimum entry cost into the housing market, such as an investor looking for a straightforward rental property, or a highly budget-conscious individual willing to trade space for ownership. Its location within The Maples offers practical convenience. A less obvious perspective is that a property of this size and value could serve as a strategic foothold for someone building a portfolio, where cash flow is prioritized over appreciation or personal use. It is not a property for those needing space, modern amenities, or who are sensitive to being in a building with similarly valued units.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is directly tied to the property's characteristics, primarily its very small size (658 sqft) and lack of additional features like a basement or garage. It is functionally a compact living unit, which places it in a different value category than the standard single-family homes listed as "comparable" in the area.
2. What type of building is this?
The listing does not specify the building type, but the address format (Unit 27 at 90 Marlow Court) and the listing of multiple other units at the same address (e.g., 11-90, 17-90 Marlow Court) indicate it is almost certainly a condominium apartment or a townhouse-style condo within a larger complex.
3. Who would this property be a good fit for?
It is best suited for investors seeking a low-cost rental property or first-time buyers with a very tight budget for whom ownership itself is the primary goal. It is a practical choice, not a lifestyle one.
4. Are the "nearby properties" truly comparable?
Not in the traditional sense. The "nearby properties" listed are other units in the same building or complex, which are useful for understanding the building's value range. The "similar assessed value" list includes various property types across the city, highlighting how this price point is atypical for a residential unit in The Maples.
5. What are the main trade-offs with a property at this price point?
The trade-off is size and potential condition for price. You are acquiring a very small space in a building from 1970. Budgeting for maintenance and potential updates is essential, and you should anticipate that amenities and finishes will be basic. The extremely high percentile rankings (e.g., top 0% in the neighbourhood for value) underscore that this is an outlier in the market.