Property Overview: 113 Marianne Road, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens is defined by two standout features: its generous, above-average lot size and its recently renovated basement. With 8,266 square feet of land, the property ranks in the top 4% on its own street and top 3% in the neighbourhood for lot size, offering significant outdoor space that is rare for the area. The 1,498 sqft living area is comfortably above average for the immediate street. While the home itself was built in 1982, the renovated basement adds modern livable space and utility.
Its appeal lies in this combination of space and potential. The large lot provides room for gardening, recreation, or future expansion, setting it apart from nearby properties. The updated basement suggests move-in readiness and adds functional square footage. The home last sold in early 2022, indicating a relatively recent market valuation.
This property would suit practical buyers looking for a solid foundation in a mature neighbourhood. It’s ideal for someone who values private outdoor space over a newer build, or for a household planning to live on one level, possibly with the basement serving as a separate suite or family room. It represents a pragmatic choice where the value is anchored more in the land and functional updates than in high-end finishes or a modern structure.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is $46,200, which is above average for the area. However, the selling price will be determined by the current market. The home last sold between $44,500 and $47,500 in January 2022, which provides a recent benchmark, but market conditions have likely shifted since then.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 96-97% of the comparable homes in the Inkster Gardens neighbourhood. On Marianne Road, only one other lot is larger. This is the home's most statistically significant advantage.
3. The home is older than most on the street. Should I be concerned?
Built in 1982, it is among the older homes in the immediate area. This isn't inherently a concern, but it does mean a thorough inspection of major systems (roof, wiring, plumbing, foundation) is especially important. The renovated basement is a positive update, but the age underscores the need for due diligence on the original structure.
4. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal secondary suite. This is a critical question for the listing agent, as a legal suite would have permits, meet safety codes, and could generate rental income. An unpermitted renovation could pose insurance and liability issues.
5. How does the living space compare to a typical home?
At 1,498 sqft, it offers more living space than the average home on Marianne Road (1,308 sqft avg.) and is slightly above the city-wide average. This, combined with the renovated basement, suggests ample room for a family, but the layout and flow of the one-storey design should be evaluated against your needs.