396 Marlton Crescent

Property Overview: 396 Marlton Crescent

Section 1: Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1974, situated on a spacious, nearly 6,000 sqft lot in Winnipeg's Marlton neighbourhood. Its key features include a fully finished basement and an attached garage. With 1,109 sqft of living space, it presents a practical and manageable layout.

The appeal lies in its established setting and solid value proposition. The lot size is a significant asset, offering ample outdoor space relative to many modern properties. While the home itself ranks in the middle ranges for size and assessed value within the broader city, its land footprint and the fact that it surpasses two-thirds of all Winnipeg homes for lot size are standout qualities. It suits first-time buyers looking for a move-in-ready home with room to grow outdoors, or downsizers seeking a single-level living arrangement without compromising on yard space. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a dependable, no-frills home in a mature area where the value is anchored by the land itself, offering stability rather than flashy features.

Section 2: Frequently Asked Questions

1. How does the age of the home affect its value?
Built in 1974, the home is newer than over half of Winnipeg's housing stock. While some systems may be due for updates, its age is typical for the area and is reflected in the assessed value, potentially offering a more affordable entry point than newer builds.

2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking "in the top 33% in Winnipeg" for lot size means it's on a larger lot than 67% of city properties—a strong point. Conversely, its smaller living area ranks it in the middle ranges city-wide.

3. Is the finished basement included in the 1,109 sqft living area?
Typically, the listed living area (1,109 sqft) refers to above-ground, finished space. The presence of a fully finished basement adds additional usable living area that is not included in that official square footage figure.

4. How has the property's value changed?
The last recorded sale was in July 2017 for $295,000. The current total assessed value is $385,000. It's important to consult with a real estate professional for a current market valuation, as assessed value for taxes and market value can differ.

5. What is the neighbourhood like for families or quiet living?
Marlton is an established, mature neighbourhood. The property rankings show it is on a street and in a community with very similar, older homes, suggesting a consistent and likely stable residential character. The large lot sizes generally contribute to a less crowded feel.