Property Overview
This one-and-three-quarter storey home on Marjorie Street in Winnipeg's King Edward neighbourhood presents a specific and compelling value proposition. Built in 1911, it is a character home with a recently renovated basement. The property sits on a modest, city-typical lot and does not include a garage.
Key Characteristics & Appeal
The primary appeal of 216 Marjorie Street lies in its position as an affordable entry point into homeownership, particularly within its immediate area. While its living space (1,040 sq ft) is above average for both Marjorie Street and the King Edward neighbourhood, its assessed value is significantly below the Winnipeg citywide average. This creates a notable value dynamic: you get more interior space for your dollar here compared to many other parts of the city. The renovated basement adds functional, modern living space to the historic structure.
This home would suit first-time buyers or pragmatic investors seeking a lower-cost footprint in a central location. Its charm is practical rather than luxurious, appealing to those who appreciate older home character but are comfortable with a compact lot and no garage. A thoughtful perspective is that this property represents a "location-efficient" choice—prioritizing interior space and neighbourhood over private outdoor space or newer construction. It’s a home for living in, not for extensive landscaping or parking multiple vehicles.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
Assessed value is based on a municipal formula considering factors like lot size, building age, and recent sales in the area. The modest lot size and the home's age (1911) significantly influence this figure, keeping it well below the average for newer, larger-lot homes in suburban areas.
2. What does "one & 3/4 storey" mean for the layout?
This style typically features a main floor and a second floor where the ceilings slope with the roofline, often creating cozy bedrooms or spaces with character. The "3/4" refers to the upper floor having less than full, standing headroom around the entire perimeter.
3. Is the lack of a garage a major concern?
It depends on your lifestyle. Many homes in older, central neighbourhoods rely on street parking. Buyers should verify on-street permit requirements and assess personal comfort with this arrangement, especially during Winnipeg winters.
4. How significant is the renovated basement?
A renovated basement in a 1911 home adds valuable, modern living space and can mitigate concerns about outdated systems. It's crucial to understand the scope of the renovation, ensure it was permitted, and have a thorough inspection to check for any moisture issues common in older foundations.
5. The sold price history shows a range. What's the exact price?
The listing service provides an exact sold price to verified users upon request to maintain professional data standards. You can submit your email to receive the precise figure, as the public display is a range based on available data.