Property Overview
This 832 sqft home, built in 1977, presents a straightforward and affordable entry point into Winnipeg’s Marlton neighbourhood. Its key appeal lies in its exceptional value positioning rather than luxury features. The property ranks in the top 1% of its street and the top 0% of its community and city for overall value competitiveness, indicating it offers more space or land for the price than nearly all comparable listings. It comes without a basement, garage, or pool, simplifying maintenance and costs.
The home would suit first-time buyers seeking a manageable, low-maintenance property, or investors looking for a practical rental unit with strong fundamentals. Its appeal is for those who prioritize financial efficiency and a solid community ranking over modern finishes or extra amenities. A thoughtful perspective is that a home without a basement or complex systems can mean lower utility costs and fewer unexpected repair issues, offering a kind of predictable simplicity. The 2019 sale price of $149,000, compared to a current assessed value of $168,000, suggests stable, gradual appreciation in line with the market.
Frequently Asked Questions
1. What does ranking in the "top 0%" actually mean?
It means this property’s combination of attributes (like price versus land or size) offers better value than 100% of the compared homes in its community and city, making it a standout from a pure value perspective.
2. Are there any major concerns with a house built in 1977?
While the age suggests some systems may be original, the lack of a basement simplifies the structure. A thorough inspection is always recommended to focus on the roof, wiring, and plumbing.
3. Where will guests or residents park without a garage?
The property listing does not specify a dedicated garage, so parking would be reliant on driveway space (if present) or on-street parking, which should be verified with the local municipality.
4. How can the assessed value be higher than the last sale price?
The 2022 assessed value of $168,000 reflects the municipal government’s estimate of market value for taxation purposes, which has increased since the 2019 sale. The actual market sale price can be higher or lower than this assessment.
5. Is the low square footage a disadvantage?
At 832 sqft, the living space is compact. This is a trade-off: it means lower heating costs and less upkeep, but requires efficient use of space. It ranks lower on size alone but highly on overall value, indicating the property likely offers other desirable attributes.