235 Marjorie Street

Property Overview: 235 Marjorie Street, Winnipeg

Key Characteristics & Appeal

This bi-level home at 235 Marjorie Street in Winnipeg's King Edward neighborhood presents a practical and modern living opportunity. Its key appeal lies in its relative newness, being built in 2004, which places it well above the average age of homes on its street, in the area, and citywide. This suggests updated building systems and potentially lower immediate maintenance needs compared to much of the local housing stock.

The home features a renovated basement and a detached garage, offering flexible living space and secure parking. With a living area of 902 sqft, it is comfortably sized for the immediate area, though it sits on a smaller, more manageable lot. The assessed value is notably strong for King Edward, indicating that the property is viewed favorably relative to its neighbors.

This property would suit first-time homebuyers or downsizers seeking a modern, low-maintenance home in an established neighborhood without the concerns of an older structure. It’s also a sensible choice for value-conscious buyers who prioritize a newer build and a renovated basement over a larger lot size.

Frequently Asked Questions

1. How does the lot size impact this property?
The land area is smaller than most in the area. This means less yard maintenance, which can be a benefit, but also limits outdoor expansion potential. The value is clearly driven by the building itself rather than the land.

2. What does the above-average assessed value indicate?
A higher assessed value compared to nearby homes often reflects the property’s newer construction and renovations. It’s a positive sign for the home’s condition but is also a factor in calculating property taxes.

3. Is the living space sufficient for a family?
At 902 sqft, the living area is typical for the local area but below the city average. The renovated basement provides crucial additional flexible space, making it more viable for small families or those comfortable with multi-level living.

4. What can the 2022 sale price range tell me?
The past sale price gives a recent market benchmark. Given that the assessed value has remained stable since, it suggests the property has maintained its market position in a changing interest rate environment.

5. Why is the year built such a standout feature?
In a city and neighborhood where many homes were built before 1960, a 2004 build is a significant advantage. It typically implies modern wiring, plumbing, insulation, and building codes, reducing the risk and cost of major foundational repairs common in older homes.