8 Maralbo Avenue E – Property Summary
Key Characteristics & Buyer Profile
This 1,200 sqft home, built in 1983, sits on a 4,997 sqft lot in Winnipeg's Worthington neighbourhood. Its standout feature is value relative to its immediate street and neighbourhood context. The assessed value of $407,000 ranks in the top 12% on Maralbo Avenue E and top 13% within Worthington—significantly above the street average of $336,800 and neighbourhood average of $315,300. Citywide, the assessed value sits slightly above average, ranking in the top 37%.
The property offers above-average living space for its street and neighbourhood (top 24% and top 27%, respectively), though it is roughly average compared to similar homes across Winnipeg. The lot size is generous for the street (top 10%, where the average is 3,890 sqft), but more typical for the broader neighbourhood and city.
The appeal lies in a home that punches above its weight locally. Buyers get a well-positioned property on a large lot by street standards, with assessed value that suggests strong relative equity compared to nearby homes. This would suit someone looking for a solid, established home in a neighbourhood where their dollar goes further than the citywide average—particularly buyers who value lot size and want to avoid the premium of newer construction. It's less suited to those seeking a turnkey modern interior or a compact, low-maintenance yard.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street and neighbourhood averages?
That's the key question for any buyer. The home ranks in the top 12% on its street and top 13% in the neighbourhood. This could reflect a well-maintained property, recent upgrades, or a desirable location within the area. A comparative market analysis and in-person viewing would clarify what's driving that value.
2. How does the lot size actually feel in practice?
At 4,997 sqft, it's roughly 25% larger than the average lot on the street. For Worthington as a whole, however, lots tend to be larger (average 7,831 sqft), so this yard is on the smaller side for the broader neighbourhood. It offers more outdoor space than most immediate neighbours but won't feel sprawling compared to other homes nearby.
3. What does "citywide average" really mean here?
Citywide comparisons include all comparable homes across Winnipeg—from older, smaller houses to newer, larger builds. This property sits right around the middle (top 50% for living area, top 37% for assessed value). In other words, it's a fairly typical Winnipeg home in size and value, with local advantages that make it stand out on its street.
4. Is the 1983 build a concern for maintenance?
Homes from the early 1980s are now over 40 years old. Systems like roofing, windows, HVAC, and plumbing may be original or approaching replacement age. The build year ranks top 22% in Worthington, meaning most nearby homes are older (average 1962), so this is relatively newer for the area. A home inspection is recommended to assess current condition.
5. Who is this house not for?
It's likely not ideal for buyers seeking a newer, low-maintenance home or a small lot with minimal yard work. Given the above-average assessed value for the street, it may also not suit someone looking for a fixer-upper at a steep discount. The value proposition is strongest for someone who wants a well-regarded lot and solid local positioning rather than a bargain.