406 Marlton Crescent

Property Overview & Key Characteristics

This is a classic 1956-built, single-story home on an exceptionally large, half-acre lot in Winnipeg's Marlton neighbourhood. Its primary appeal lies in the rare combination of a modest, updated living space with vast outdoor potential. The 1,096 sqft house features a finished basement and sits on a 22,481 sqft property that ranks in the top 1% for lot size across Winnipeg. While the home itself offers comfortable, single-level living, the true value is in the land—offering privacy, space for gardens, recreation, or future expansion that is increasingly difficult to find within the city.

This property would suit two distinct types of buyers. First, it's ideal for those seeking a "blank canvas" property: buyers who value space and privacy over a large or modern house, and who see the potential in the land for their own projects, whether that's extensive gardening, adding a workshop, or simply enjoying expansive green space. Second, it fits practical, budget-conscious buyers looking for an established neighbourhood with a move-in ready, manageable home size, where their investment is secured more in the land than in superfluous square footage.

Frequently Asked Questions

1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the finish quality, rooms, or ceiling height. This is a key detail to verify during a viewing, as finishes in a 70-year-old home can range from modern living space to a basic rec room.

2. With no garage, what are the parking options?
The property has no garage. Buyers should assess the driveway space and on-street parking availability to ensure it meets their needs, especially during Winnipeg winters.

3. How does the age of the home (70 years) affect maintenance?
While the home has been maintained, a house of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is crucial to understand the condition and budget for any upcoming updates or repairs.

4. The lot is huge. Are there any restrictions on its use?
While the size offers great potential, it's important to check local zoning bylaws for any restrictions on subdividing the lot, building additional structures (like a garage or shed), or other modifications you might be considering.

5. Why is the assessed value relatively low compared to the lot size?
The assessment reflects the current improved value as determined by the city, which heavily weights the size and age of the dwelling itself. The market price often accounts for the premium of the rare, large lot, which may not be fully captured in the formal assessment.