Property Overview
This 1983-built, one-storey home in Winnipeg's Marlton area offers a practical and comfortable living space on a generous, nearly 7,000 sqft lot. Its key appeal lies in a balanced combination of space, location, and value. The 1,464 sqft interior is complemented by a finished basement and an attached garage. The home's competitive rankings suggest it offers above-average living space and lot size for Winnipeg overall, while presenting a more affordable entry point within its immediate neighborhood. It would particularly suit first-time buyers, downsizers seeking single-level living, or value-focused investors looking for a property with solid fundamentals and renovation potential.
Key Details & FAQs
Key Characteristics & Appeal:
This is a grounded, no-frills property that gets the essentials right. Its primary strengths are the large lot—offering privacy and room for gardens or expansion—and the convenience of single-level living. The finished basement adds valuable flexible space. While it ranks lower in size and value within its own street and community, this indicates a more affordable opportunity in the area. Its stronger rankings across the wider city for size, age, and assessed value highlight its relative value proposition in the Winnipeg market. The appeal is for a buyer who prioritizes land space and functional layout over high-end finishes, seeing potential in a well-located, structurally sound home.
Who It Suits:
- First-time buyers seeking a home with a large yard and room to grow.
- Downsizers looking for a manageable one-storey layout without sacrificing lot privacy.
- Value-oriented buyers who see potential in a home that may need cosmetic updates.
- Long-term investors attracted by the fundamentals of lot size and functional layout in a stable market.
Frequently Asked Questions
1. What do the rankings actually mean?
They show how this property compares to others in three areas: its immediate street, the broader Marlton community, and all of Winnipeg. For example, ranking in the top 30% in Winnipeg for living size means it's larger than most city homes, but ranking lower on its own street suggests it's among the more modest homes in that specific location.
2. The home is 43 years old. What should I be mindful of?
While the roof, windows, and major systems like plumbing or electrical may have been updated, their age and condition should be verified. An inspection is crucial to assess the foundation, insulation, and any original components that may be nearing the end of their lifespan.
3. How does the 2020 sale price relate to the current assessed value?
The home sold for $325,000 in mid-2020. The current assessed value of $421,000 reflects the municipal assessment for tax purposes and general market trends since that time, but the final sale price will be determined by current market conditions.
4. Is the finished basement a legal suite?
The description states the basement is finished, but does not specify it as a legal secondary suite. You would need to confirm with the city if it meets all code requirements for a separate rental unit, which influences both utility and value.
5. The lot is large. What are the possibilities?
Beyond a spacious yard, a lot of this size (6,897 sqft) could potentially allow for future additions like a garage, workshop, or sunroom, subject to local zoning bylaws and setback requirements. It's a key asset for future flexibility.