409 Marlton Crescent

Property Overview

This 1953-built one-and-a-half storey home on Marlton Crescent presents a unique blend of space, location, and value. Its primary appeal lies in its exceptionally large, 12,424 sqft lot—a rarity that places it in the top 3% of all properties in Winnipeg for land size. The home itself offers 1,305 sqft of living space with a finished basement and a detached garage. While the house is of a classic, older build, its standout characteristic is the immense potential of its expansive, private yard, offering possibilities for gardening, recreation, or future expansion.

The property suits buyers who prioritize land over a modern, turn-key home. It’s ideal for those seeking a quiet, established neighbourhood and who have the vision or willingness to update an older character home. The large lot is a significant draw for families wanting outdoor space, hobbyists, or long-term investors who understand the inherent value and scarcity of such a sizable parcel of land in the city. Its high city-wide ranking for lot size sharply contrasts with its more modest rankings for the home's age and features, highlighting a property where the land itself is the central asset.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the Marlton neighbourhood, and across all of Winnipeg. For example, being in the "top 3%" for land size city-wide confirms the lot is exceptionally large. Conversely, rankings in the bottom 30% for the home's age are typical for a well-established area and indicate a classic property that may require updates.

2. Is the 12,424 sqft lot usable, or is it an odd shape?
While specific dimensions aren't provided, a lot of this size in an older crescent often indicates a deep, pie-shaped, or generously wide property. It's advisable to review the lot survey or view the map/street view feature to appreciate its full scope and potential uses.

3. What are the implications of a 1953 build date?
This means the home has character and solid construction from its era but will likely have original or older mechanical systems (like plumbing and electrical), windows, and insulation. A thorough inspection is crucial to understand the condition and to budget for any necessary modernizations or maintenance.

4. How does the finished basement affect living space?
The finished basement adds functional living area beyond the main 1,305 sqft, which is valuable. However, the finish quality, ceiling height, and moisture control are key factors to assess, as basement finishes in older homes can vary widely.

5. Why is the assessed value notably lower than you might expect for such a large lot?
Municipal assessments often reflect a mass appraisal model and may not immediately capture the full premium of an ultra-large lot, especially if the dwelling is older. The assessed value suggests significant equity may be held in the land itself, which can be an opportunity for a buyer but also indicates the existing house contributes less to the total valuation.