Property Overview: 231 Marlton Crescent
This one-and-three-quarter storey home, built in 1938, sits on an exceptionally large, mature lot of over 20,000 square feet in Winnipeg's Marlton neighbourhood. Its appeal lies in the rare combination of a classic character home with vast outdoor space within the city. With 1,650 sqft of living space, a finished basement, and a detached garage, it offers practical living alongside significant potential.
The property would suit a buyer looking for a project—someone who values space and privacy over a turnkey modern finish. It’s ideal for a gardener, a family seeking room to play and expand, or a long-term investor who understands the intrinsic value of large lots in established areas. The home’s age and rankings suggest it requires updates, but its lot size is a standout, long-term asset that outperforms 99% of Winnipeg properties.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this property’s land area is larger than 99% of all residential lots in Winnipeg. This is its most competitive feature, offering unparalleled privacy and space for gardens, recreation, or future additions.
2. The home ranks low for its age. Should I be concerned?
The low ranking for age (newer than only 17% of Winnipeg homes) confirms it is a true character property from 1938. Buyers should budget for updates expected of a home of this vintage, but this also contributes to its charm and potential for customization.
3. How does the finished basement add value?
The finished basement increases the usable living space, which is reflected in the home ranking higher for living area (top 21% in Winnipeg) than for its overall assessed value (top 38%). It provides immediate functional space without needing renovation.
4. Is the assessed value a reliable indicator of the selling price?
Not necessarily. The assessed value for municipal taxes is often conservative, especially for older homes on unique, large lots. The market value is typically determined by recent sales of comparable properties, which for a lot of this size may be scarce.
5. What is the realistic scope of work needed?
Given the age and rankings, a pre-purchase inspection is crucial. Focus should be on foundational integrity, roof, wiring, and plumbing—the core systems of an 88-year-old home. Cosmetic updates are a given, but the soundness of the structure and major systems will determine the project's scale.