Property Overview

This 1997-built, one-storey home on a large, 10,647 sqft lot in Winnipeg's Marlton area presents a specific and compelling value proposition. Its key appeal lies in the combination of generous outdoor space and a modern-enough build that avoids the major maintenance concerns of much older properties. With a fully finished basement and over 1,600 sqft of living space, it offers practical, single-level living. The home’s standout characteristic is its exceptional ranking in several metrics: it sits in the top 5% of all Winnipeg properties for lot size and the top 9% for assessed value, indicating a premium asset relative to the broader market. However, its rankings within its immediate neighborhood and street are more moderate, suggesting it is a well-positioned property in a solid area rather than the standout on its block.

This property would suit buyers looking for a long-term home with room to grow outdoors, perhaps for gardening, recreation, or future additions. It’s also a strong fit for those who prioritize single-level living but want more space than a typical bungalow lot provides. The high city-wide rankings on value and lot size point to an investment in a tangible asset—the land—which may appeal to the thoughtful buyer looking for stability and future potential.

Key Considerations & FAQs

1. What does the mix of high city-wide rankings but lower street rankings indicate?
   It shows this property is a large, valuable lot by Winnipeg standards, but is on a street and in a neighborhood where many properties are also substantial. You're buying into an established area of larger homes, not an outlier.

2. The assessed value has risen significantly since the 2017 purchase. Is this accurate?
   The current assessment ($573,000) is well above the 2017 sale price ($452,000). This reflects the broader market increase over seven years. Buyers should use this as a baseline for taxes and should seek a current market evaluation to inform their offer.

3. Is a 1997-built home considered modern or dated?
   It's a transitional age. Major systems like wiring and plumbing are modern, but the interior aesthetics (layout, finishes) likely reflect late-90s/early-2000s trends. This presents an opportunity: it's new enough to avoid costly vintage repairs, but may benefit from cosmetic updates.

4. How usable is a 10,647 sqft lot in practice?
   This is a major feature. It provides rare privacy and space for a city property, suitable for large gardens, play areas, or entertaining. Consider the maintenance required for landscaping and the potential for future outdoor living structures like a shed or deck.

5. Who might this property not suit?
   It may not be ideal for those seeking a turn-key, contemporary interior without any projects, or for buyers who prefer a low-maintenance, small yard. The single-storey layout with a finished basement also means all living space is on one level, which is excellent for accessibility but may not suit those wanting distinct separation between daily and entertainment spaces.