Property Overview
This 853 sqft bi-level home at 273 Marjorie Street in Winnipeg's King Edward neighbourhood presents a practical and affordable entry point into the market. Built in 1992, it is notably newer than most homes in the immediate area and citywide. The home features a renovated basement, adding to its functional living space. Its assessed value is modest compared to the Winnipeg average, positioning it as a value-conscious option.
The appeal lies in its relative modernity within an established neighbourhood, offering lower maintenance concerns than much older homes. It suits first-time buyers seeking a straightforward, manageable property, or investors looking for an affordable rental asset. The lot is smaller than average, which translates to less yard upkeep—a potential benefit for those prioritizing simplicity over outdoor space.
A less obvious perspective is its statistical positioning: while the home feels average for its street and neighbourhood in terms of size and value, its year of construction is a standout feature locally. This suggests you're buying a newer structure in an older area, which can be a strategic balance of modern convenience and established community character.
Frequently Asked Questions
1. How does the home's size compare to others?
At 853 sqft, the living area is close to the average for both Marjorie Street and the broader King Edward neighbourhood. It is, however, significantly smaller than the typical Winnipeg home, which averages around 1,342 sqft.
2. What does the assessed value indicate?
The assessed value is approximately $28,700. This is near the average for the immediate area but is well below the citywide average assessed value, indicating this is a more affordable pocket of Winnipeg.
3. Is the home older or newer?
The home was built in 1992, making it about 34 years old. This is a key characteristic, as it is considerably newer than the average home on its street, in King Edward, and across Winnipeg.
4. What about the lot size and outdoor space?
The land area is 2,684 sqft. This is smaller than the average lot for the neighbourhood and significantly smaller than the citywide average. This means less yard maintenance but also limited private outdoor space.
5. What is the recent sales history?
The home sold in July 2021 for a price between $32,500 and $35,500. For the exact sale price, you can request details via email from the listing source.