Property Overview & Key Characteristics
This well-situated bungalow at 42 Marquis Crescent in The Maples offers a classic Winnipeg layout with modern updates. Its key appeal lies in a combination of generous land size, a renovated basement, and strong relative rankings within its immediate area. The lot is notably large at nearly 6,000 sq ft, placing it in the top tier for size on its street. The home itself, built in 1972, is older than many in the neighbourhood but has been updated with a renovated basement. With a detached garage and a practical one-storey design, it presents a low-maintenance living option.
The property would suit first-time buyers or downsizers looking for a manageable single-level home with room to grow or garden outdoors. Its above-average rankings for lot size and living area on its street suggest it offers more space and privacy than many direct neighbours, a valuable but less obvious advantage in a mature suburb. The renovated basement adds immediate functional living space without the need for a project.
Frequently Asked Questions
1. How does the age of the home (1972) compare to others nearby?
While the home is 54 years old, it is actually newer than 97% of the homes on its specific street, indicating the surrounding houses are generally older. In the broader Maples neighbourhood, however, it is older than about three-quarters of properties.
2. What do the "top %" rankings mean for value?
These rankings compare this property against others on its street, in The Maples, and across Winnipeg for metrics like lot size and year built. For example, ranking in the "Top 9%" for lot size on its street means it has a larger yard than 91% of its direct neighbours, which is a significant locational advantage.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $36,500 is for municipal tax purposes. Market value is determined by recent sales of comparable homes, like the similar-valued properties listed, and current market conditions. It serves as a baseline, not a sale price.
4. What is the significance of the renovated basement?
A renovated basement adds immediate, finished living space (such as a family room, office, or additional bedrooms) without the need for investment or renovation work from a new owner, increasing the home's functional square footage from day one.
5. How does the living area compare to nearby homes for sale?
At 1,276 sq ft, the living area is larger than all but two other listed comparable properties in The Maples, such as those on Mapleton Drive or Madrill Close. This suggests it offers more interior space than many competing listings in a similar price range.