23 Maralbo Avenue E – Property Summary

Key Characteristics & Buyer Profile

This is a 912 sqft home built in 1984 on a 3,003 sqft lot, with an assessed value of $315,000. What stands out here is not size or land, but timing: this property is newer than most homes on its street (top 24%), in its neighbourhood (top 18%), and across Winnipeg (top 30%). For buyers who prioritize a more recent build over square footage or a large yard, this offers a relatively modern shell in an older housing stock context.

The appeal lies in the trade-offs. The living area is slightly below the street average and well below city averages, and the land area is notably small—especially within the Worthington neighbourhood, where lots are typically more than double the size (7,831 sqft average). The assessed value sits right at the neighbourhood average, suggesting the market has already priced in the smaller footprint.

This property would suit a buyer who values a newer home with lower maintenance expectations (less aging infrastructure) and does not need a large yard. It may also appeal to someone looking for an entry point into Worthington without paying a premium for land they won't use. Investors or downsizers who prioritize efficiency over space might find it a good fit. It is less suited to families wanting room to grow or buyers who expect a typical Winnipeg lot size.

Frequently Asked Questions

1. Why is the assessed value ($315K) lower than the city average ($390K) but equal to the neighbourhood average?
The neighbourhood average for assessed value is also $315.3K, meaning this home is priced in line with what similar homes in Worthington are worth. The city average is higher because it includes larger homes and lots across Winnipeg. This property is not under- or over-valued for its immediate area—it's right at the local benchmark.

2. The land area is small for this neighbourhood. Will that affect resale?
It could, depending on the buyer. In Worthington, larger lots are the norm (average 7,831 sqft), so this property will appeal to a narrower segment of buyers who don't prioritize outdoor space. However, smaller lots often mean less yard work and lower upkeep costs, which can be a selling point for certain buyers. The key is knowing your target market.

3. How does being built in 1984 compare to other homes in the area?
It is newer than 76% of homes on Maralbo Avenue E, 82% of homes in Worthington, and 70% of homes citywide. This is a meaningful advantage: a 1984 build is likely to have better insulation, wiring, and foundation standards than many older homes in the neighbourhood, while still being old enough that major systems (roof, furnace, windows) may have been updated—worth confirming during a viewing.

4. Is the living area too small for a family home?
912 sqft is compact. It can work for a small family or a couple, but it would feel tight for a household with multiple children or anyone needing dedicated office space. The layout and storage will matter a lot here—if the home uses space efficiently (e.g., open concept, built-ins), it could feel larger than the number suggests.

5. How are the rankings calculated, and what do the bar colors mean?
Rankings compare this property to "comparable homes" (similar type or classification) within the street, neighbourhood, and city. A lower rank number is better (e.g., top 24% means it ranks 12th out of 50). Bar fill length shows the share of peers you outperform. Fill color indicates tier: typically red for top tier, blue for above average, amber for around average, and gray for below average. These are relative benchmarks, not absolute quality scores.