Property Overview: 348 Marlton Crescent
This well-established home on an exceptionally large lot presents a unique opportunity in Winnipeg's Marlton neighbourhood. Built in 1955, its appeal lies not in modern finishes but in its generous space and established setting. The key feature is the expansive, nearly half-acre lot (21,654 sqft), which ranks in the top 1% for size across Winnipeg, offering immense potential for gardening, recreation, or future expansion. The home itself is a modest 1,208 sqft one-storey with a finished basement and a detached garage.
Its primary draw is for a specific buyer: someone seeking land value, privacy, and the ability to customize. It suits a buyer looking for a long-term family home with room to grow outdoors, or an investor/renovator who sees the underlying value in the lot size and solid neighbourhood ranking over the need for immediate updates. The property’s high city-wide rankings for lot size and assessed value contrast with its more average rankings for age and living area, highlighting that the land is the central asset here. It’s a property where the vision for the land can be as important as the current state of the house.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Marlton, and across all of Winnipeg. For example, being in the top 1% for lot size city-wide confirms the lot is exceptionally large. The high rankings for assessed value suggest the property is valued above most in the city, likely due to that land.
2. Is the house in original condition?
Given its 1955 build date and the description focusing on land size and rankings, it is reasonable to expect the home retains much of its original character and would benefit from modernization to match contemporary standards.
3. What can I do with such a large lot?
Beyond a large yard, a lot of this scale (over 21,000 sqft) could accommodate additions like a sizable workshop, extensive gardens, or even a future secondary dwelling, subject to City of Winnipeg zoning bylaws and permits.
4. How does the detached garage and finished basement factor in?
The detached garage offers flexibility but may be less convenient in winter. The finished basement adds valuable living space, which is important given the modest main-floor square footage, effectively doubling the usable area.
5. Why is the assessed value high relative to the home's age and size?
The assessment reflects the total property value, which is heavily influenced by the land. The data shows the assessed value ranks significantly higher than the living area, indicating the municipal assessment places substantial value on the lot itself.