Key Characteristics & Appeal
This is a 1,449-square-foot home built in 1990 on a 4,426-square-foot lot, located at 62 Maralbo Avenue East in Winnipeg's Worthington neighbourhood. It stands out most clearly in two areas: living space and age.
The living area ranks in the top 10% on its street and top 11% across the neighbourhood, making it noticeably roomier than surrounding homes. The year built also places it in the top 9% locally, meaning it's newer than most nearby properties. Its assessed value—$368,000—sits above both street and neighbourhood averages, but only in the middle of the pack citywide. The land is on the smaller side for the neighbourhood (top 76%), but roughly average for the street and city.
The appeal here is straightforward: you get above-average square footage in a relatively modern home without paying a premium that matches. Compared to older, smaller homes nearby, this one offers more interior space and fewer years of deferred maintenance. It isn't a standout on lot size, but the trade-off is that you're not paying for land you might not use.
This property would suit buyers who prioritize interior livability over yard space—families who want room to spread out, or anyone looking for a home built to more modern standards without the price tag of a new build. It also fits buyers who want a reasonable assessed value relative to the interior space, which can matter for property taxes and resale. Less obviously, its ranking profile suggests it may hold value better than smaller or older homes in the area, simply because it's less of an outlier in the wrong direction.
Five Possible FAQs
1. Is the small lot a problem for resale?
It could be, depending on the buyer. Citywide, this lot size is fairly typical, but in Worthington, many homes sit on larger parcels. A buyer who wants a big yard might pass. On the other hand, smaller lots often mean less upkeep, and the home's larger interior might offset that for people who prioritize house over yard.
2. How do property taxes compare to similar homes?
The assessed value is $368,000, which is above the street and neighbourhood averages but below the citywide average for comparable homes. Taxes are based on that assessment, so expect them to be moderate—higher than the cheapest houses on the street, but not out of line for the space you're getting.
3. What does "Top 9% for year built" actually mean in this neighbourhood?
It means most homes around here are older—average year built in Worthington is 1962. This house was built 28 years after that. Practically, it suggests the home is likely to have more modern construction methods, wiring, plumbing, and insulation than many neighbours. It doesn't guarantee everything is updated, but the bones are newer.
4. Should I worry about the land area ranking?
Only if you need a large lot. At the street level, the average lot is actually smaller (3,890 sqft), so this lot is slightly above that. The neighbourhood average is inflated by a few properties with very large lots—most homes in Worthington aren't sitting on 7,800 sqft. The land is adequate for a single-family home with a yard; it just isn't sprawling.
5. Why is the assessed value only "around average" citywide when the living area is above average?
Assessed value reflects more than square footage—it factors in location, lot size, condition, and market trends. This home's lot is smaller than many citywide, and it's in a neighbourhood where prices are moderate relative to other parts of Winnipeg. You're getting more house for your money compared to pricier areas, which is why the value doesn't track the living area rank perfectly.