29 Maralbo Avenue E – Property Summary
Key Characteristics & Buyer Profile
This 1,639 sqft home, built in 1983, sits on a 3,003 sqft lot in the Worthington neighbourhood of Winnipeg. Its standout feature is living space: it’s the largest home on its street (ranked #1 out of 50), and well above average in the wider neighbourhood (top 7%). The assessed value of $380,000 is above the street and neighbourhood averages, though roughly in line with citywide medians. The land area is notably compact—below average for both the neighbourhood and the city—which is typical of infill or more densely developed lots.
The appeal lies in the amount of interior room relative to its immediate context. For a buyer who prioritises square footage over yard size, this property offers generous living space without the premium you’d expect for a larger lot. It also avoids being the most expensive house on the street (ranked 11th out of 50 by value), which can help with resale appeal. The home is from the early 1980s, meaning it’s newer than many in the area (neighbourhood average is 1962) but not so new that it carries a modern construction price tag.
This property would suit buyers who want a spacious interior in a settled, mid-century neighbourhood, and who are comfortable with a smaller outdoor area. It’s a strong fit for families or downsizers who want room inside but less garden maintenance. Investors may also note the living-area-to-value ratio as a potential upside.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The home is assessed at $380,000, which is about 13% higher than the street average ($336,800) and 20% above the neighbourhood average ($315,300). Citywide, it sits just below the average for comparable homes ($390,100). So you’re paying a premium for the larger interior, but not an extreme one relative to the whole city.
2. Why is the land area so much smaller than the neighbourhood average?
Worthington has an average lot size of 7,831 sqft, but this property’s lot is 3,003 sqft—roughly 38% of that. This suggests the home was built on a subdivided lot or in a denser part of the neighbourhood. It ranks in the bottom 12% locally. If you value a large backyard, this won’t be a fit.
3. Is the home considered old or new for the area?
It was built in 1983, which is around average for the street (average 1982) but newer than most of Worthington (average 1962). Citywide, it’s slightly newer than the median (1966). So it’s not a vintage character home, but it avoids the maintenance concerns of a much older property.
4. How does the living space compare to typical homes in Winnipeg?
At 1,639 sqft, this home is 22% larger than the citywide average for comparable homes (1,342 sqft). On its own street, it’s 61% larger than the street average. It’s a genuinely spacious interior for the price point, especially relative to its immediate neighbours.
5. What does the “top 2%” ranking on the street actually mean?
It means that out of 50 comparable homes on Maralbo Avenue E, this property has the largest living area. No other home on the street has more square footage. The ranking is based on living area data from the municipality, so it’s a factual comparison, not an opinion.