Property Overview: 379 Marlton Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, private lot in Winnipeg's Marlton neighborhood. Built in 1956, the 1,048 sqft residence features a finished basement and a detached garage. Its standout attribute is the nearly half-acre (19,159 sqft) property, which places it in the top 2% of all Winnipeg homes for lot size. This offers rare potential for gardening, expansion, or simply enjoying expansive green space within the city.
The appeal lies in a balance of privacy and value. While the home itself is modest in size and of a classic vintage, the land represents a significant long-term asset. It suits buyers looking for a solid starter or retirement home with a huge yard, as well as visionaries or builders who see the ultimate value in the land itself for future redevelopment or a major renovation. It’s a property where the real estate adage "buy the land, they're not making more of it" genuinely applies.
Frequently Asked Questions
1. What is the true condition of a 70-year-old home?
While specifics require a professional inspection, a home of this age will likely have original core systems. Buyers should budget for updates to roofing, plumbing, electrical, and insulation to modernize efficiency and comfort.
2. What can I do with such a large lot?
Beyond traditional gardening, the lot size may allow for legal additions like a large workshop, garage, or even a secondary dwelling unit (subject to City of Winnipeg zoning bylaws and permits). It provides unusual flexibility for future projects.
3. How do the rankings (e.g., "top 2% for lot size") work?
These are competitive positioning metrics. For example, being in the "top 2% for lot size in Winnipeg" means only 2% of city properties have a larger lot. It's a quick way to gauge this property's standout features against the market.
4. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Important verification with local authorities would be needed if rental income is a goal, as safety codes and licensing apply.
5. Why is the assessed value a consideration?
The $364,000 city assessment provides a benchmark for municipal property taxes. It can differ from market value. Understanding this gap helps in formulating a competitive offer and anticipating annual tax costs.