Property Summary: 311 Marlton Crescent
Key Characteristics & Appeal
This is a 1955-built, three-level split home situated on an exceptionally large, 21,334 sqft lot in Winnipeg's Marlton area. Its primary appeal lies in the land itself—the property ranks in the top 1% of Winnipeg for lot size, offering rare and significant potential for expansion, gardening, or simply enjoying expansive private outdoor space. The home features a finished basement and a modest 907 sqft of living space, presenting itself as a comfortable, established dwelling with a focus on its generous grounds rather than a large interior.
This property would best suit a buyer who values land over square footage. It's ideal for someone with long-term vision, such as a future renovation or addition to capitalize on the lot, a multi-generational family seeking space for separate entrances or a future suite, or a buyer who prioritizes privacy and outdoor recreation in a city setting. Its above-average assessment value for the immediate street suggests it's seen as a solid asset in the area. The appeal is less about move-in-ready luxury and more about foundational value and the unique opportunity the land parcel represents.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in its community, and across all of Winnipeg. Key takeaways are its outstanding lot size (top 1% city-wide) and its above-average assessed value for the street, balanced by its older age and smaller-than-average living area for the immediate neighborhood.
2. Is the smaller living area a major drawback?
It depends on your needs. For some, the 907 sqft interior may feel compact. However, the finished basement adds usable space, and the property's true value proposition is the potential to expand the home outward or upward in the future, subject to permits and approvals.
3. What are the implications of a 71-year-old home?
You are buying a well-established character home. This means mature trees and a settled neighborhood, but it also necessitates a thorough inspection. Budgeting for ongoing maintenance and potential updates to major aging components (like roof, plumbing, or electrical) should be part of your planning.
4. There's no garage. How big of an issue is this?
For many buyers, this is a notable consideration. However, the vast lot offers ample space to add a detached garage or workshop in the future, which could be seen as a customizable opportunity rather than just a missing feature.
5. Who would this property NOT suit?
It may not be the best fit for buyers seeking a modern, low-maintenance, or immediately spacious interior without any renovation plans. It's also less suited for those who do not intend to utilize or value the benefits of a very large yard, as you are effectively paying a premium for the land.