Property Overview: 43 Marcus Place, Winnipeg
Key Characteristics & Appeal
This home at 43 Marcus Place in the Meadows neighborhood presents a practical opportunity centered on its generous lot and established setting. Built in 1983, it is one of the newer homes on its street. The 1,200 sqft living space is modest, particularly for the immediate street, but the true standout feature is the 7,071 sqft land area, which is well above average for both the Meadows area and the city overall. This offers significant outdoor space for gardening, recreation, or future expansion.
The home’s assessed value is consistent with area averages. A key piece of context is its sale in 2022 within the $400k-$450k range, which performed better relative to the area and city than its current assessment might suggest. This points to a property whose market value can outpace its official valuation.
This property would suit a buyer who prioritizes land size over interior square footage—perfect for those wanting a large yard in a mature neighborhood. It’s also a sensible match for a value-conscious purchaser looking for a home with newer construction (relative to its peers) and a stable history in a well-established community.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a defining advantage. At over 7,000 sqft, it ranks in the top 10% within the Meadows neighborhood, meaning it is substantially larger than most lots nearby and across Winnipeg.
2. The living area seems smaller than neighbors'. Is that a concern?
The living space is compact relative to other homes on Marcus Place, but is close to the average for the wider Meadows area. This highlights a trade-off: you gain a larger yard while the home itself is of a practical, manageable size.
3. What does the 2022 sale price tell us about its value?
The sale price from 2022 placed the home in the top 25% for the area at that time, indicating it has previously attracted market value well above the median. This historical performance can be a useful benchmark alongside the current assessed value.
4. Is the home older or newer than others in the area?
Built in 1983, it is actually the newest home on its street. However, within the broader Meadows neighborhood, it is slightly older than the average, offering a balance of established community character with relatively modern construction.
5. How is the assessed value positioned compared to the city?
The assessed value is around average for its street and neighborhood, but sits in the top third citywide. This suggests the property holds its value competitively within the broader Winnipeg market.