Property Overview: 399 Marlton Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Marlton neighborhood. Built in 1954, its primary appeal lies in its generous 13,291 sqft property—a rare find that places it in the top 3% of Winnipeg for lot size. The home itself offers 1,227 sqft of living space with a finished basement and a detached garage.
The property suits two main types of buyers. First, it's ideal for those seeking long-term potential and outdoor space over a modern turn-key home. The vast yard is a blank canvas for gardening, expansion, or recreation. Second, it appeals to value-conscious buyers looking in established neighborhoods, where the land itself represents a significant portion of the asset. While the house ranks average within its immediate area for size and value, its standout lot offers a less obvious form of equity: the opportunity to grow into the property or to enjoy a level of privacy and space that is increasingly uncommon in the city.
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 3% city-wide for lot size highlights its most exceptional feature, while more average rankings in other categories indicate a home that is typical for its well-established neighborhood.
2. Is the large lot a maintenance burden or an opportunity?
It can be both. The yard requires more upkeep than a standard lot, but it provides unparalleled space for landscaping, adding a workshop or shed, or simply enjoying expansive green space. It’s a feature that would be very costly, if not impossible, to replicate in newer subdivisions.
3. What should I expect from a 1954-built home?
While updated over time, buyers should budget for ongoing maintenance consistent with a home of this age, such as potential updates to roofing, windows, or mechanical systems. The finished basement adds living space, but its condition and compliance with current codes should be verified.
4. Who is the typical buyer in this area?
Marlton attracts a mix of long-term residents and practical buyers looking for solid value in a stable neighborhood. This property, with its large lot, would particularly suit families, hobbyists, or anyone who prioritizes outdoor space over a newly constructed home.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $367,000 is for tax purposes and serves as a baseline. The market price is determined by current demand, the property's unique lot size, condition, and comparable sales. In this case, the premium lot may command a price above the assessment.