Property Overview: 420 Marlton Crescent, Winnipeg
Key Characteristics & Appeal
This is a classic, fully detached one-storey home on an exceptionally large, mature lot of over half an acre (22,334 sqft). Built in 1950, the 1,380 sqft residence features a finished basement and a split garage. Its standout characteristic is the immense private outdoor space, a rarity within the city, offering unparalleled potential for gardening, recreation, or future expansion.
The appeal lies in a balance of space, location, and value. The home sits in a well-established neighbourhood and ranks in the top 1% of all Winnipeg properties for lot size, providing a sense of retreat and possibility not easily found. It suits two primary types of buyers: those seeking a solid starter home with extraordinary yard space for a family or hobbies, and visionaries or builders who see the underlying value in the land itself for renovation or redevelopment. It’s a property for someone who values outdoor room over brand-new interiors, and who understands the long-term worth of a large, central parcel.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond private enjoyment, a lot of this size in a mature neighbourhood is a scarce asset. It offers privacy, space for additions like a workshop or large deck, and is a key factor in the property's strong value ranking city-wide.
2. What should I consider about a home built in 1950?
While the home has been maintained, a buyer should budget for updates to major aging systems (like plumbing, electrical, or the roof) and anticipate mid-century features. A thorough inspection is essential to understand the condition behind the finished spaces.
3. How does the finished basement add to the living space?
It provides additional flexible square footage for a family room, home office, or guest area. It’s important to confirm the quality of the finish, ceiling height, and whether it meets current egress and safety standards.
4. Is the split garage a limitation?
A split garage can accommodate two vehicles but may have less space for storage or larger vehicles compared to a double attached garage. For some, the classic style fits the character of the property, but it’s a practical consideration for modern needs.
5. Why are the rankings for "newness" much lower than for "lot size"?
This highlights the property’s profile: its competitive strength is overwhelmingly its land. The rankings clearly show that while the house itself is older and more average in size compared to neighbours, the lot is exceptionally large and valuable, defining the opportunity here.