Property Summary: 87 Marshall Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Maybank offers a blend of space, updates, and recreational features on a generous 6,045 sqft lot. Its key characteristics include a renovated basement, an in-ground pool, and a detached garage. The home’s living area of 1,100 sqft is above average for the neighbourhood, providing comfortable scale.

The primary appeal lies in its turnkey outdoor living and finished spaces. The pool is a notable luxury for the area, creating a private resort-like setting during Winnipeg’s summers. The renovated basement adds significant functional living space, which is a valuable asset in a 1950s-era home. The lot size is a major strength, ranking in the top quarter for the street, offering ample room for gardening, play, or expansion.

This property would suit a buyer looking for a move-in-ready home with premium outdoor amenities, without the need for a major renovation. It’s ideal for downsizers or young families who value a single-level layout combined with a large, private yard for recreation and entertaining. The significant difference between the recent sold price and the assessed value suggests the market recognizes substantial updates or desirability factors not captured in the official assessment.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the neighbourhood?
The home sold for $340,000 in October 2023, which placed it in the top half of sales for Maybank at that time. This indicates it was perceived as a above-average offering within the community.

2. Is the pool a benefit or a burden for resale?
While a major attraction for many, a pool does limit the buyer pool to those willing to undertake its maintenance and safety considerations. It is a desirable, less common feature in this area, but represents both a lifestyle perk and an ongoing responsibility.

3. What does the lot size mean for me?
At over 6,000 sqft, the lot is substantially larger than many in the immediate area. This provides exceptional privacy, space between neighbours, and potential for future additions like a shed, expanded deck, or garden.

4. How does the age of the home factor in?
Built in 1956, the home is of a typical vintage for Maybank. The key considerations are the condition of major aging components (like the roof and plumbing) and the quality of the renovations undertaken, particularly in the basement, to modernize the living space.

5. Why is the assessed value so different from the sale price?
Municipal assessed value ($42,100) is for taxation purposes and often lags behind market value, which is influenced by recent renovations, specific amenities (like the pool and basement), and current market conditions. The sale price reflects what a buyer was willing to pay for the complete package.