58 Barnstaple Cove

Property Summary: 58 Barnstaple Cove, Winnipeg

Key Characteristics & Appeal

This two-storey home in the Marlton neighbourhood presents a well-established, spacious family residence on a large 7,089 sqft lot. Built in 1981, its key features include a fully finished basement and an attached garage. With over 2,000 sqft of living space, it offers ample room, ranking in the top 10% of Winnipeg homes by size. The property’s appeal lies in its generous lot size and the mature, settled character of the area. It suits buyers looking for a solid, move-in-ready home with room to grow, who value space over new construction, and who appreciate a neighbourhood with a long-standing history. A thoughtful perspective is that while the home itself is older, its above-average living area and lot size provide a strong foundation and potential that newer, denser subdivisions often lack. It’s a property for those who see value in established communities and the possibility to customize over time.

Frequently Asked Questions

1. How does the age of the home affect its value and condition?
Built in 1981, the home is well-established. Buyers should factor in potential updates to major aging components like the roof, windows, or HVAC systems, which is typical for homes of this vintage. Its assessed value considers this age.

2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and citywide. For example, ranking in the "top 10%" for living space in Winnipeg means it is larger than 90% of city homes, a significant advantage. Conversely, its value ranking suggests it is priced more accessibly than many comparable-sized properties.

3. Is the large lot a benefit for future expansion?
The 7,089 sqft lot is a substantial asset, offering excellent outdoor space. It may provide flexibility for additions, landscaping projects, or installing recreational features like a large deck or play structure, subject to local zoning bylaws.

4. Who is the typical buyer in this neighbourhood?
Marlton attracts a mix of long-term residents and growing families drawn to its mature parks, schools, and convenient amenities. This home, with its size and finished basement, is particularly suited for families seeking space and stability.

5. Why is the assessed value different from the listing price?
The assessed value ($427,000) is for municipal tax purposes and is a historical snapshot. The listing price is set by the seller based on current market conditions, recent comparable sales, and the home’s specific features and perceived value.