Property Overview: 275 Marlton Crescent
This is a distinctive, one-storey home built in 1956, situated on an exceptionally large, mature lot of over 26,000 sqft in Winnipeg's Marlton neighbourhood. Its primary appeal lies in the rare combination of a generous, private land parcel with a fully finished basement and a functional living space of 1,420 sqft. The home ranks in the top 1% of Winnipeg properties for lot size, offering immense potential for gardening, recreation, or future expansion. It suits buyers looking for a solid, no-fuss bungalow with a blank-canvas yard, those who value outdoor space and privacy over a modern or large interior, and investors or builders who see long-term value in the land itself. A thoughtful perspective is that this property represents a trade-off: the house is of average size and age for the area, but it comes with a land holding that is increasingly uncommon, making it a unique opportunity to own a piece of quiet, spacious ground within the city.
Key Details & FAQs
Key Characteristics:
- Property Type: One-storey bungalow with a fully finished basement and an attached garage.
- Lot Size: A standout feature at 26,136 sqft, placing it in the 99th percentile for size in Winnipeg.
- Living Space: 1,420 sqft of living area.
- Age & Condition: Built in 1956; the rankings suggest the structure itself is older than many comparable homes in its community and city-wide.
- Value: The municipal assessment is $367,000.
Frequently Asked Questions:
1. What is the true draw of this property?
The unparalleled lot size is the central feature. It offers a level of privacy and space for outdoor activities, gardens, or potential additions that is very hard to find in the city, especially paired with a live-in-ready home.
2. Who would this home suit best?
It's ideal for buyers who prioritize land and privacy. This could include families wanting a large play area, gardening enthusiasts, or those planning a future custom build who want to live on-site in the interim. It may also appeal to value-conscious buyers seeking character in a mature neighbourhood.
3. The house was built in 1956. What should I consider?
While the basement is finished, the age indicates that major systems (roof, wiring, plumbing, windows) may need evaluation or have been updated over time. A thorough inspection is recommended to understand the condition and any modernizations.
4. How does the assessment value relate to the likely selling price?
The assessment of $367,000 is for municipal tax purposes. In a competitive market, the sale price is often influenced by the rare lot size and buyer demand, and may differ significantly from the assessed value.
5. Are there any less obvious points to consider?
The very large lot, while a benefit, also means higher maintenance (lawn care, landscaping) and potentially higher property taxes relative to similar-sized homes on standard lots. However, it also provides exceptional future flexibility not available with most properties.