Property Overview & Key Characteristics
This is a well-maintained, one-storey home in the Marlton area, built in 1967. Its primary appeal lies in its efficient, single-level layout and its generous, mature lot of over 7,000 square feet—a significant amount of private outdoor space that is increasingly rare. The home features a finished basement and an attached garage. While the living space is a practical 1,053 sqft, the property's value is strongly supported by its large yard and its position in the broader Winnipeg market, where it ranks favorably in terms of lot size and assessed value. It suits first-time buyers looking for a manageable, ground-level home with room to grow, or downsizers seeking a bungalow lifestyle without sacrificing yard space for gardening or leisure. A thoughtful perspective is that the mature neighbourhood likely offers established trees and a settled streetscape, while the home's era suggests a straightforward, functional floor plan that can be a blank canvas for gradual modernization.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Marlton, and across all of Winnipeg. For example, its lot size ranks in the top 17% city-wide, meaning it's larger than 83% of Winnipeg lots, which is a major asset. Conversely, its living area is smaller than many city homes, highlighting that the property's strength is its land.
2. Is the finished basement included in the 1,053 sqft living area?
No, the 1,053 sqft refers to the above-ground living space. The finished basement is an additional area, adding functional space for recreation, storage, or guests.
3. How does the 2023 assessed value relate to the asking price?
The assessed value of $405,000 is a municipal valuation for tax purposes, not a market price. It does indicate the city's appraisal of the property relative to others, but the final sale price will be determined by current market conditions.
4. What are the implications of a 1967 build date?
While the core structure is sound, buyers should budget for potential updates to major aging components, such as the roof, windows, or plumbing. A thorough inspection is advised. On the positive side, homes from this period often have simpler layouts that are easier to renovate.
5. The last sale was in 2017 for $240,000. Is the current price justified?
The 2017 price is a historical data point. The significant increase since then reflects broader market appreciation, the added value of any improvements made by the current owners, and the enduring premium for larger lots in the city. It underscores the property's equity growth over that period.