Property Summary: 310 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a modest lot in the King Edward neighbourhood. Its key characteristics are its below-average size (658 sqft of living space) and its notably low municipal assessed value, which is significantly below city-wide averages. The home does feature a renovated basement, adding functional space. There is no garage or pool.
The primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. It represents a low-barrier option for buyers with a constrained budget, offering ownership in an established central neighbourhood. It would suit a very specific type of buyer: a minimalist, a first-time investor looking for a straightforward rental property, or a hands-on purchaser seeking a small-scale renovation or hold project. Its value is not in its size or finishes, but in the opportunity it presents for those priced out of larger, more modern homes. A thoughtful perspective is that its small footprint translates to lower utility costs and less maintenance, which can be a significant long-term benefit for the right owner.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's older age, smaller size relative to most Winnipeg homes, and the characteristics of its immediate area. It is assessed in line with similar, very modest properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the nature of the renovation, whether it includes legal egress, and if the space is finished for living or simply improved for storage/utility.
3. Is this home suitable for a family?
Given its size (658 sqft), it would be a tight fit for a family. It is more realistically suited for a single person, a couple, or potentially as a small rental unit.
4. How does the lack of a garage affect daily living?
There is no garage on the property. Buyers should consider street parking availability, the implications for vehicle security during Winnipeg winters, and where tools or storage items would be kept.
5. The home is over 100 years old. What should I be most concerned about?
While the renovated basement is a positive, the core systems of a century-old home require attention. A thorough inspection should focus on the foundation, plumbing, electrical wiring, and the age/condition of the roof.