69 Maralbo Avenue E

69 Maralbo Avenue E – Property Summary

Key Characteristics & Buyer Profile

This 1983-built home offers 932 square feet of living space on a 3,940-square-foot lot. It sits in the Worthington neighbourhood of Winnipeg.

Where its appeal lies: The property’s strongest feature is its assessed value relative to the neighbourhood. At $352,000, it ranks in the top 28% of Worthington homes—above the local average of $315,300. This suggests the home holds its value well compared to nearby properties. The year built (1983) also places it in the top 22% of the neighbourhood, meaning it's newer than most homes in the area. On its own street (Maralbo Avenue E), the home is fairly typical in size, lot area, and year built, with assessed value slightly above average.

Where it stands out less: The living area (932 sq. ft.) is below the citywide average of 1,342 sq. ft., and the lot is notably smaller than the Worthington average of 7,831 sq. ft. Citywide rankings are unremarkable across all categories.

What type of buyer it would suit: This is a practical fit for someone who wants a home that is newer than the local stock but doesn't need a large lot or expansive square footage. It could appeal to buyers moving into Worthington who value a more recently built structure over a bigger yard, or to those who see the above-average assessment as a sign of stable resale value in the immediate area. It may be less suited for someone expecting generous indoor or outdoor space, even by city standards.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It's fairly average for Maralbo Avenue. Living area (932 sq. ft.) is slightly smaller than the street average of 1,017 sq. ft. The lot (3,940 sq. ft.) and year built (1983) are close to the street medians. Assessed value ($352,000) is above the street average of $336,800, ranking it in the top 44%.

2. Why is the land area so much smaller than the neighbourhood average?
Worthington has a wide mix of lot sizes, and many homes sit on larger parcels (average 7,831 sq. ft.). This property's 3,940 sq. ft. lot is closer to the street-level average and reflects a denser, more compact layout. It's not unusual for streets built in the early 1980s to have smaller lots than older parts of the neighbourhood.

3. What does "above average" assessed value in Worthington actually mean?
It means this home is valued higher than roughly 72% of comparable homes in the neighbourhood. The local average assessed value is $315,300, so this home sits about $36,700 above that. This could reflect its newer build, condition, or specific location within the area. Citywide, it's still close to the median.

4. Is the 932 sq. ft. living area considered small for Winnipeg?
Yes, it is below the citywide median of about 1,342 sq. ft. for comparable homes, ranking in the bottom 19%. It's also slightly under the street and neighbourhood averages. This is a compact home—fine for smaller households or those prioritizing location and yard space over interior square footage.

5. What does the ranking data actually tell me about this property?
The rankings show where this home falls compared to similar properties at three levels: street, neighbourhood, and city. A higher rank (lower number) means it outperforms its peers in that category. Here, the standout is assessed value within Worthington. The rankings are based on median benchmarks and are most useful for relative comparison, not as absolute judgments of quality.