Property Overview

This 1956-built, single-storey home sits on a remarkably large, half-acre lot (21,750 sqft) in Winnipeg's Marlton area. Its primary appeal lies in the exceptional land size, which ranks in the top 1% of all properties in Winnipeg, offering rare potential for expansion, gardening, or outdoor recreation. With 1,078 sqft of living space and an unfinished basement, the house itself presents a straightforward canvas. It suits buyers looking for a long-term project or a land-value play—those willing to invest in updates over time to unlock the property's full potential. The value proposition is grounded in the lot, making it ideal for someone with vision, whether that's creating a private urban oasis, planning a future addition, or simply valuing immense outdoor space over a turn-key interior.

Key Details & FAQs

Key Characteristics:

• Land: The standout feature is the 21,750 sqft lot, offering immense privacy and possibilities, ranking larger than 99% of Winnipeg properties.
• Home: A 1,078 sqft, one-storey home built in 1956, featuring an unfinished basement.
• Context: The property's land value significantly outranks its assessed value relative to neighbours, suggesting the lot is its primary asset. The home's size and assessed value are modest compared to the area, indicating an opportunity for improvement.

Who It Suits:
This property is ideal for buyers who prioritize land size and future potential over immediate move-in readiness. It perfectly suits DIY enthusiasts, those planning a custom renovation or expansion, or anyone seeking a generous, private yard for hobbies, gardening, or family play. It represents a classic "good bones" opportunity where the long-term value is secured by the irreplaceable lot.

Frequently Asked Questions

1. Is the large lot actually usable, or is it hindered by zoning or shape?
While always verify with the city, a lot of this size in a established neighbourhood typically offers great flexibility. It’s worth exploring possibilities like adding a garage, workshop, or even future subdivision, subject to zoning regulations.

2. Given the age (70 years), what should I budget for immediate updates?
Beyond any cosmetic updates, prioritize a thorough inspection of major aging systems: the roof, foundation, plumbing, and electrical. Budgeting for these potential updates is crucial, as the home's condition may require more investment than its assessed value suggests.

3. The home ranks low for value on its street. Is that a concern?
This often indicates the existing house is modest relative to its land and neighbourhood. It can be an advantage for a buyer, as significant improvements to the home are likely to align its value more closely with the premium lot, offering a clear path to increased equity.

4. What are the less obvious costs or efforts with a lot this size?
Consider ongoing maintenance like lawn care, landscaping, and snow removal, which will be more extensive and costly than a standard lot. Also, fencing such a large perimeter for privacy or pets is a significant potential expense.

5. Why is the basement unfinished, and is it a good candidate for development?
An unfinished basement in a home of this era is common. It presents both a project and an opportunity. Have an inspector check for ceiling height, moisture, and the condition of the foundation. If dry and structurally sound, it represents substantial potential to add living space and value.