Property Overview: 284 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a solid, grounded opportunity. Its key strength is a generous 5,124 sqft lot, placing it in the top 5% for lot size on its street, offering rare potential for expansion, gardening, or outdoor space in the neighborhood. The living area (1,218 sqft) is comfortably above average for both the street and the broader King Edward area. A recently renovated basement adds modern, functional space. The detached garage and a home built in 1950 round out a classic Winnipeg profile.
The appeal lies in its balance of space and location. It suits a practical buyer who values a larger parcel of land over a brand-new home—perfect for someone looking to put down roots and possibly customize over time. It’s a sensible fit for first-time homeowners seeking room to grow, or for downsizers who still want a manageable yard and a character home in an established community. A less obvious perspective is its assessed value positioning: while modest citywide, it is competitive within its immediate area, suggesting it may offer relative value without the premium of a more central or trendy postcode.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area is a standout feature. At over 5,000 sqft, it is significantly larger than the average lot on Marjorie Street (approx. 3,651 sqft) and in the King Edward area (approx. 3,798 sqft).
2. What is the condition of the major systems, given the home's age?
The listing confirms a renovated basement, suggesting some updates. As the home was built in 1950, prospective buyers should inquire about the age and condition of the roof, wiring, plumbing, and heating systems.
3. Is the assessed value an accurate reflection of the likely market price?
The assessed value is $28,800. Historical sold price data shows it last sold in late 2021 for between $27,500 and $30,500. Market conditions change, so this provides a historical benchmark, not a guaranteed current price.
4. What does the "above average" living area ranking mean for daily life?
With 1,218 sqft of living space, the home offers more room than most comparable homes in both the immediate vicinity and the King Edward neighborhood, which average around 950 sqft.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this information manually via email upon request, at no cost and without marketing spam.