Property Overview
This 1961-built, one-storey home at 260 Marlton Crescent offers a unique proposition centered on space and potential. Its primary appeal lies in the exceptionally large, 18,078 sqft lot—a rare find that places it in the top 2% of all properties in Winnipeg for land size. The home itself features 1,275 sqft of living space with a finished basement and a detached garage. While the house is of average size for its established Marlton neighborhood, its standout characteristic is the balance of a solid, livable structure on a blank-canvas parcel of land. This property would perfectly suit a buyer who values long-term potential over immediate luxury—perhaps a family envisioning future expansions, a multi-generational setup, or someone with gardening or recreational dreams for the expansive yard. It’s also a fit for a value-conscious buyer seeking a home in a mature area with the statistical advantage of a lot that significantly outperforms the market norm.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property’s lot is larger than 98% of all residential lots in Winnipeg, indicating it is a truly exceptional and rare parcel of land for the city, offering unparalleled outdoor space and privacy for the area.
2. Is the house in need of major updates?
Built in 1961, the home is 65 years old. While it offers a finished basement and is livable, buyers should budget for updates consistent with a home of this vintage, such as potential roof, window, or mechanical system replacements.
3. How does the assessment value relate to the asking price?
The city’s assessed value is $384,000, which is used for calculating property taxes. The listing price is set by the seller based on current market conditions, perceived value (especially of the lot), and comparable sales, and may differ from the assessment.
4. What are the advantages of a detached garage?
A detached garage provides flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the living space of the main house. It also offers potential for conversion to a studio or office, subject to local bylaws.
5. The community rankings for age and value are lower—is this a concern?
Not necessarily. The home is older than many in its immediate community, which is reflected in the ranking. This can represent an opportunity, as the significant value here is derived from the land itself. The data suggests you are purchasing a premium lot with a modest, older home, rather than a recently renovated property on a standard lot.