317 Marjorie Street

Property Overview: 317 Marjorie Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in King Edward presents a practical opportunity in Winnipeg’s market. Built in 1948, its 953 sqft living space is typical for the immediate area but notably more compact than the citywide average, suggesting efficient, manageable living. A key standout is the lot size: at 4,769 sqft, the property offers significantly more outdoor space than most neighbours, providing valuable room for gardening, play, or future expansion.

The home’s appeal lies in its balance and potential. With a renovated basement and a detached garage, it offers functional updates alongside classic charm. Its assessed value positions it solidly within the middle of the local market, indicating a fair entry point without premium pricing. This property would suit first-time buyers or downsizers seeking a grounded, no-frills home in an established neighbourhood, where a larger-than-average lot adds tangible value and future flexibility. It’s for those who prioritize land over square footage and see the benefit in a home that is average in many metrics but offers a standout advantage where it counts—outdoor space.

Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 953 sqft, the living area is very close to the average for both Marjorie Street and the broader King Edward neighbourhood. However, it is about 400 sqft smaller than the average Winnipeg home, indicating a more compact layout.

2. What is the significance of the lot size?
The 4,769 sqft lot is a defining feature. It ranks in the top 12% on its street and top 23% in the neighbourhood, meaning you get more yard space than most comparable properties, which is a valuable asset.

3. Is the assessed value a good indicator of the likely selling price?
The assessed value of $270,000 is around the neighbourhood average. It can be a useful benchmark, but market conditions, the home’s interior condition, and buyer demand will ultimately determine the final sale price.

4. What does “renovated basement” typically mean for a home of this age?
While specifics aren’t listed, this usually indicates the basement has been modernized for livable space, such as a rec room or laundry area. It’s wise to inquire about the scope of renovations, permits, and moisture control.

5. Who would this property not be suited for?
Buyers needing substantial move-in-ready, modern square footage on the main floors may find the layout limiting. It’s also less suited for those seeking a brand-new home or a property that stands well above neighbourhood averages in size and value.