Property Overview: 51 Marine Drive, Normand Park, Winnipeg
Key Characteristics & Appeal
This home at 51 Marine Drive is a substantial, modern property that stands out for its generous scale and prime positioning within the city. Built in 2009, it offers nearly 2,500 square feet of living space on a large lot of over 7,300 square feet. The appeal lies in its relative rarity: while it is a comfortably above-average home on its own desirable street and in the Normand Park area, it enters an elite tier when viewed across the entire Winnipeg market. Its size and assessed value place it within the top 3% and 2% of all city properties, respectively.
The property suits buyers looking for a move-in ready, spacious family home in a well-established neighbourhood, without the premium often attached to brand-new construction. It represents a "best of both worlds" scenario—a contemporary home that has settled into a mature community. The data suggests it would particularly appeal to those upsizing from a typical city home who value space, both indoors and outdoors, and seek a property that holds significant weight in the broader market, not just its immediate vicinity.
Frequently Asked Questions
1. How does this home compare to others on Marine Drive?
It is a solid, competitive property on its street. The living space and assessed value are very close to the street's average, while the lot size is notably larger than most. It's a newer build compared to many on the block, placing it in the top third for age.
2. What does the "elite" city-wide ranking mean for value?
Ranking in the top few percent city-wide for size and value indicates a property with broad, lasting appeal. It suggests a lower risk of being over-improved for its area and a strong baseline for long-term value retention compared to the average Winnipeg home.
3. The home sold recently. What can the sold price range tell us?
The listed sold price range of $850k-$900k placed it in the top 5% for the area and top 1% city-wide at the time. This confirms the premium market position indicated by the assessment data and shows strong buyer demand for properties of this caliber.
4. Is a 2009-built home considered modern, and what should I check?
Yes, a 2009 build is considered modern, offering contemporary layouts and materials. At 17 years old, major systems like the roof, HVAC, and appliances may be nearing or have reached their typical lifespan, so a thorough inspection to assess their condition and remaining service life is advisable.
5. How useful are the assessed value figures for determining market price?
The assessed value ($814k) is a key data point for municipal taxation, not a direct market appraisal. However, its ranking—consistently high across street, area, and city comparisons—validates the property's premium market position. The recent sold price is a more direct indicator of current market value.