342 Marlton Crescent

Property Overview: 342 Marlton Crescent, Winnipeg

Key Characteristics & Appeal

This home presents a distinct profile defined by its exceptionally large lot. At over 21,000 square feet, the property ranks in the top 1% for land size citywide, offering rare potential for expansion, gardening, or outdoor recreation. Its assessed value is notably low compared to both the immediate street and the broader city, which may indicate an opportunity for value-conscious buyers or those looking for a project. The house itself appears more modest, with a living area and year-built data that align with neighborhood averages from the mid-20th century.

The primary appeal lies in the land itself—a substantial, private parcel in the city. It would suit a buyer with a long-term vision, whether that's building a dream home, adding significant additions, or simply valuing extensive outdoor space over a large existing footprint. It’s also a potential fit for investors or renovators comfortable with a property that may require updates, given the value is concentrated in the land rather than the current structure.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby sold prices?
The assessed value is for taxation purposes and often lags behind market values, especially for unique properties. Here, the low assessment likely reflects the older home, while the market price (as seen in the 2022 sale) responds to the high-value, in-demand lot.

2. What can I do with such a large lot?
Beyond a spacious yard, a lot of this size may allow for legal subdivision (subject to city zoning and approval), the construction of a secondary suite or garage with a suite, or significant additions to the existing home. Always verify with the City of Winnipeg's planning department.

3. Is the low ranking for "Assessed Value" on the street a bad sign?
Not necessarily. It ranks low because the assessment is low. This could mean lower property taxes relative to neighbors, but it often signals that the home itself contributes less to the total property value than the land does.

4. How accurate are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sale price, you must request it via the provided email service, which manually confirms the figure from official records.

5. What are the main considerations before viewing this property?
Prospective buyers should prioritize verifying zoning bylaws for the lot, the condition and potential of the existing home, and any development restrictions or opportunities with the city. The value here is fundamentally in the land's potential.