Property Overview
This is a distinctive one-and-a-half storey home on an exceptionally large, approximately 14,700 sqft lot in the Marlton area. Built in 1949, its key appeal lies in the rare combination of a mature, expansive property within the city. The home itself offers 1,359 sqft of living space with a finished basement. Its rankings highlight a compelling contrast: while the house is older and modestly assessed, the land size is among the top 2% in Winnipeg, suggesting the property's primary value is in its generous, established grounds rather than the structure itself. It would suit a buyer looking for space, privacy, and long-term potential—whether for gardening, expansion, or redevelopment—who is comfortable with the upkeep of an older home on a large lot. It's less suited for those seeking a modern, turn-key property without future investment.
Key Details & Questions
What are the main features of the property?
The home is a 1.5-storey build from 1949 with 1,359 sqft of living space, a finished basement, and a detached garage. Its most significant feature is the 14,699 sqft lot, which is substantially larger than most city properties.
How does this property compare to others in the area?
The data shows a unique profile. Its land size ranks in the top 2% city-wide, offering exceptional outdoor space. However, the house is older than most in its immediate neighborhood and has a lower assessed value than many nearby homes, indicating it may be valued more for its land.
What type of buyer would this home suit best?
This property is ideal for a buyer who prioritizes land size and potential over a modern home. It could appeal to someone interested in extensive gardens, future renovations, or even holding the land as a long-term asset, and who is prepared for the maintenance of a 77-year-old house.
Is the price reflective of the house or the land?
Given the stark difference between its top-tier land ranking and its below-average assessment ranking, the current value appears to be heavily influenced by the premium, developable lot size rather than the existing structure.
What should a potential buyer consider?
Prospective buyers should factor in the likely need for updates or repairs consistent with a home of this age. The true opportunity lies in leveraging the vast lot, but realizing that potential may require additional investment in the existing home or future plans for the land itself.