Property Summary: 221 Marlton Crescent, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a classic, well-maintained one-storey home built in 1961, situated on a remarkably large, mature lot of over 13,500 square feet in the Marlton area. Its key appeal lies in the exceptional scale of the land, which places it in the top 3% of all properties in Winnipeg for lot size, offering rare potential for expansion, gardening, or outdoor living. The home itself, at 1,472 sqft, provides comfortable living space that ranks above average for the city. It features an unfinished basement and a combined attached/detached garage setup. While the interior appears original and the assessment value is modest for the area, the property’s standout feature is its land. This home would perfectly suit a buyer looking for a solid, entry-level bungalow with unparalleled lot size for future investment—whether that means creating a private oasis, adding significant square footage, or simply securing a property where the land itself is the primary long-term asset. It’s a practical home with exceptional underlying value in its parcel.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighbourhood, and across all of Winnipeg. For example, being in the “top 3%” for lot size city-wide highlights its most exceptional feature, while other rankings give context for its age, size, and assessed value relative to nearby homes.
2. Is the unfinished basement a drawback or an opportunity?
It’s primarily an opportunity. While it requires investment to finish, it allows a new owner to customize the space to their exact needs—whether for additional bedrooms, a recreational room, or storage—without needing to undo previous renovations.
3. The home is 65 years old. What should I be mindful of?
Prospective buyers should prioritize a thorough inspection of major aging systems, including the roof, foundation, plumbing, and electrical. The upside of a well-maintained older home is often proven, durable construction.
4. How does the assessed value compare to the likely selling price?
The assessed value for municipal taxes is often lower than market value, especially for properties with unique features like an extremely large lot. The sale price will be determined by current market demand for land and the home’s condition.
5. What are the benefits of having both an attached and detached garage?
This flexible setup provides direct indoor access from the attached garage while the detached garage offers excellent space for a workshop, additional vehicle storage, or hobby space, effectively separating noisy or messy projects from the main house.