Property Summary: 228 Marlton Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, character home built in 1935, offering a blend of established neighborhood charm and practical living space. Its key features include a one-and-a-half-storey design, a generous 5,989 sqft lot, and a fully finished basement, providing flexible space. With 1,315 sqft of living area, the home sits comfortably in the middle range for size locally.
The primary appeal lies in its established setting and the potential value of the large lot in a mature neighborhood. It suits a specific buyer: someone seeking a solid, no-frills character home without a premium price tag, who values space over newness and is comfortable with the upkeep of a 90-year-old property. It’s a practical choice for a first-time buyer, a small family, or an investor looking for a stable rental property in a long-established area. A less obvious perspective is that its lower assessment value relative to the neighborhood could present a tax advantage, while the large lot offers future potential for expansion or landscaping that newer subdivisions often can't match.
Frequently Asked Questions
1. What does "one-and-a-half-storey" mean for this home?
Typically, this style features main living areas on the ground floor with bedrooms or additional rooms in a smaller, finished upper level, often with sloped ceilings. It's a classic design that maximizes space efficiently.
2. How significant are the property's ranking percentages?
They provide context. For example, while the home is newer than only 17% of Winnipeg houses, its lot size is larger than 67% of them. This highlights the trade-off: you're purchasing significant outdoor space in an older, character home.
3. There's no garage. Is adding one feasible?
Given the very large lot size, there is likely physical space for a future garage or shed. Any addition would require checking local zoning bylaws and obtaining the necessary permits.
4. What should I consider with a 1935 build?
While offering charm, it's essential to have thorough inspections for foundational integrity, wiring, plumbing, and insulation to modern standards. The fully finished basement is a plus, but its condition and any moisture management should be verified.
5. The assessed value seems low for the area. Why?
Municipal assessments are for tax purposes and are based on mass appraisal models and recent area sales. A lower assessment doesn't necessarily limit market value but can indicate the home is more modest relative to its neighborhood or that recent upgrades may not be fully reflected.