Property Overview & Key Characteristics
This is a distinctive, one-storey home in Winnipeg's Marlton area, built in 1956. Its primary appeal lies in its exceptional land size of approximately 30,557 square feet, a rare urban lot that places it in the top 1% of all properties in Winnipeg for sheer space. The home itself is of comfortable size at 1,732 sqft, featuring a finished basement and an attached garage. While the structure is 70 years old, the property’s value is heavily anchored in its land, offering immense potential for privacy, gardening, expansion, or future redevelopment.
Its appeal is for a specific buyer: someone who values space and potential over a turnkey modern home. It would perfectly suit a buyer looking for a large, private yard for family or hobbies, an investor or builder who recognizes the long-term value of the land, or a homeowner willing to renovate or expand over time to create a custom estate. The rankings indicate it's a standout property in its immediate area for lot size and assessed value, offering a unique opportunity that is increasingly hard to find within city limits.
Frequently Asked Questions
1. What does the "top 1%" ranking for land size actually mean?
It means this property's lot is larger than 99% of all residential properties in Winnipeg, making it an exceptionally rare find for a single-family home within the city.
2. The house was built in 1956. What should I be concerned about?
Prospective buyers should budget for and prioritize inspections of major aging systems common to homes of this era, such as the roof, plumbing, electrical wiring, and the foundation. The value proposition here balances these expected updates against the irreplaceable land.
3. Is the finished basement included in the 1,732 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional feature, adding usable living space but not usually counted in the official square footage for a one-storey home.
4. What kind of potential does such a large lot offer?
Beyond a sprawling private yard, the lot could potentially accommodate significant additions, a separate workshop or studio (subject to zoning and permits), or be subdivided in the future if local regulations allow, representing a long-term asset.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $490,000 is for tax purposes and is a historical snapshot. The selling price will be determined by the current market, with this property's unique land size likely commanding a premium that may differ significantly from its assessed value.