297 Marlton Crescent

Property Summary: 297 Marlton Crescent

Section 1: Key Characteristics & Appeal

This is a classic, well-situated bungalow on an exceptionally large lot in the Marlton neighbourhood. Its primary appeal lies in its generous 21,159 sqft property—a rare find that ranks in the top 1% for land size across Winnipeg. The home itself is a modest 936 sqft one-storey layout from 1953, featuring a finished basement and a detached garage.

The property suits two main types of buyers. First, it's ideal for those seeking a long-term family home with unparalleled outdoor space for gardens, play, or future expansion. Second, it represents a prime redevelopment opportunity for builders or investors, given the lot's size and desirable location. While the house requires updates, its true value is anchored in the land. A thoughtful perspective is that this property offers a balance of established neighbourhood character with the blank-slate potential of its vast yard, allowing a buyer to grow into the space over time, either by renovating the existing home or planning a new build.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Marlton, and across all of Winnipeg. For example, being in the top 1% for land size city-wide highlights the lot's rarity, while the rankings for age and living area confirm the existing house is smaller and older than many comparables.

2. Is the house in move-in condition?
Built in 1953, the home likely requires modernization. The value proposition here is the land and location; buyers should budget for updates to the 936 sqft dwelling or consider it a candidate for eventual replacement.

3. How can the large lot be used?
Beyond a spacious private yard, the lot's size is its chief asset. Uses could include extensive landscaping, adding outbuildings (subject to bylaws), or future subdivision or redevelopment, making it a strategic long-term holding.

4. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home or those who prefer low-maintenance living without yard work. The appeal is geared toward those who value land potential over immediate move-in finish.

5. Why is the assessed value relatively modest given the lot size?
Municipal assessments often weigh the existing structures heavily. The current assessment reflects the older, smaller home on the site. The market value is typically driven higher by the development potential of the land, which isn't fully captured in the tax assessment.