Property Overview & Key Characteristics
This is a unique, one-storey home on an exceptionally large, 18,039 sqft lot in the Marlton area of Winnipeg. Built in 1952, its primary appeal lies not in the size of the house (which is a modest 754 sqft), but in the vast potential of its land. The property ranks in the top 2% in Winnipeg for lot size, offering a rare blank canvas within the city. It features a finished basement and presents as a classic, post-war bungalow.
Its appeal is multifaceted: for a visionary buyer, it represents a prime infill opportunity or a chance to build a dream home in an established neighbourhood. For those seeking space and simplicity, it offers room for expansive gardens, recreation, or future additions. The home itself would suit a first-time buyer, downsizer, or investor comfortable with a property whose value is fundamentally anchored in the land. It’s a practical home for today with a clear long-term asset for tomorrow.
Frequently Asked Questions
1. Is the land subdividable?
This is the most critical question. While the lot size is highly unusual and suggests potential, any subdivision would require a thorough review with the City of Winnipeg’s Planning Department to confirm zoning compliance, servicing requirements, and feasibility.
2. What is the true condition of the home?
Given its age and modest size, a detailed inspection is essential. The focus should be on the foundational structure, roof, wiring, plumbing, and the finished basement to understand any immediate needs versus long-term redevelopment plans.
3. Why is the assessed value relatively low compared to the lot size?
Municipal assessments typically reflect the current improved property value. Here, the assessment is likely weighted heavily towards the existing 754 sqft dwelling, not the development potential of the land, which is a market-driven value.
4. What are the costs and implications of holding such a large lot?
Prospective buyers should consider higher property taxes relative to the home size, increased maintenance (like lawn care and snow clearing), and potential for higher utility connection fees if redevelopment occurs.
5. What is the neighbourhood character and future outlook?
Marlton is a mature neighbourhood. Researching recent sales of similar large-lot properties and any area-specific development plans from the city will provide insight into the locality’s trajectory and how this property fits within it.