Property Overview: 115 Marine Drive, Normand Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 115 Marine Drive presents a compelling profile defined by its premium city-wide positioning and strong neighbourhood standing. Built in 2009, it’s a modern property situated on a generous 7,242 sqft lot. With 1,860 sqft of living space, the home offers above-average room for the city, though it is more modestly sized compared to some larger properties on its own street.
The primary appeal lies in its exceptional value stature. With an assessed value of $827,000, this property sits in the elite top 2% city-wide and the top 9% within the desirable Normand Park area. This indicates a premium investment in a well-established neighbourhood. The data suggests a property that offers a balance: it provides the space and lot size of an upper-tier home without necessarily being the largest floor plan on the block, which can appeal to those seeking manageable upkeep.
This home would ideally suit buyers looking for a long-term investment in a mature neighbourhood, who value a large lot and modern construction (post-2000) over maximizing square footage. It’s also a strong fit for those who prioritize equity and value retention, as its assessment metrics show it outperforms the vast majority of homes across Winnipeg.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
While the 1,860 sqft living area is above the Winnipeg average, it is below the average for Marine Drive itself. This suggests you are buying into a street of generally larger homes, but this specific property may offer a more efficient or manageable layout.
2. What does the "Elite" city-wide assessment ranking mean?
An assessed value in the top 2% city-wide means this property is valued higher than 98% of homes in Winnipeg. This typically reflects a combination of lot size, location, construction quality, and market demand, signalling a premium asset.
3. The home sold in 2016. What can that price tell me?
The last known sale was between $850,000-$900,000 in mid-2016. While not a current market price, it provides a historical benchmark, showing the property’s value trajectory and establishing it in a higher price segment nearly a decade ago.
4. Is the lot size a key feature?
Yes. At over 7,200 sqft, the lot is larger than average for the city, the area, and even its own street. This is a significant asset, offering ample outdoor space, privacy, and potential for gardening, recreation, or future additions.
5. The year built is 2009. What are the advantages?
A 2009 build means major components like the roof, HVAC, windows, and appliances are likely still within or approaching their typical lifespan, potentially reducing immediate major repair costs compared to an older home. It also means modern building codes and energy efficiency standards are in place.