27 Maralbo Avenue E – Property Summary

Key Characteristics & Buyer Profile

This is a compact, single-family home built in 1983 located in the Worthington neighbourhood of Winnipeg. The property sits on a 3,003 sqft lot and offers 703 sqft of living space, with a current assessed value of $284,000.

The appeal here is not in size or prestige, but in affordability and relative newness. The home is newer than most of its neighbours (top 22% in the area), which can mean fewer major system replacements in the near term compared to older homes in the district. However, the living area and land are well below both street and city averages. For a buyer who prioritizes a more recent build and a lower entry price over square footage and a large yard, this property represents a practical option—especially in a city where the median home is older and more expensive.

This property would suit:

• First-time buyers looking for something move-in ready without paying for extra space they don't need
• Buyers who value lower maintenance (smaller home and lot) and want to avoid the higher purchase prices and renovation costs typical of older housing stock in the same area
• Investors seeking a smaller, potentially lower-turnover rental property in a stable neighbourhood

Five Possible FAQs

1. How does the assessed value compare to other homes nearby, and what does that mean for property taxes?
The assessed value of $284,000 is below the street average ($336,800) and city average ($390,100), but sits close to the Worthington neighbourhood average ($315,300). Property taxes are based on this assessed value, so you can expect taxes to be lower than the citywide norm for comparable homes, but roughly in line with other modest homes in the immediate area.

2. Is the small lot size a disadvantage in Worthington?
It depends on your needs. The lot is about half the size of the typical Worthington lot (average 7,831 sqft). If you want a large garden, space for a workshop, or room to expand the house, this would be limiting. However, smaller yards mean less upkeep, lower water bills, and often a more manageable property for someone who doesn't want to spend weekends on lawn care.

3. The home was built in 1983—what should I look for in terms of maintenance?
Homes from the early 1980s are now over 40 years old. You'll want to check the condition of the original roof, furnace, and windows—these are common replacement items for a house of this age. The silver lining is that 1980s construction typically uses modern building codes and materials, so you're less likely to run into the knob-and-tube wiring or asbestos issues common in pre-1960s homes.

4. Why is the living area rank so much worse than the year-built rank?
This home is competitive in age but not in size. It ranks in the top 22% for newness in the neighbourhood, which is strong. But its 703 sqft living area places it in the bottom 12% on the same street. In short: it's newer than most homes around it, but also much smaller. The trade-off is a lower price point for a relatively young home.

5. How does this home compare to a similar-priced condo in Winnipeg?
For roughly the same price as a one-bedroom condo in many central Winnipeg buildings, you get a standalone house and a small private yard. The trade-off is typically less total square footage than a comparably priced condo and no building amenities (gym, party room, security). However, you also avoid condo fees, special assessments, and shared walls. For someone who values privacy and outdoor space over square footage and amenities, this single-family option makes more sense than a condo.