Property Overview & Key Characteristics
345 Marjorie Street is a well-situated one-and-a-half storey home in Winnipeg's King Edward neighbourhood. Built in 1949, it offers 913 square feet of living space and sits on a generous 4,514 sqft lot, which is notably larger than many in the immediate area. Key features include a renovated basement and a detached garage. The home presents as a solid, average-sized property within its established community, with living area and assessed value that are very typical for the street and neighbourhood.
Its primary appeal lies in its balance and location. The lot size offers valuable outdoor space and potential that is less common locally, while the renovated basement adds functional living area. It suits first-time buyers seeking a manageable, character home in a central neighbourhood, or practical investors looking for a stable rental property. A thoughtful perspective is that while its metrics are average locally, it may represent a more attainable entry point into a mature area compared to newer or larger homes, offering room to grow into the neighbourhood rather than overpaying for it upfront.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 913 sqft, the living area is very close to the average for both Marjorie Street (947 sqft) and the wider King Edward neighbourhood (952 sqft). It is, however, notably smaller than the Winnipeg city-wide average.
2. Is the assessed value typical for the area?
Yes. With an assessed value of $25,800, it ranks near the middle for both the street and the King Edward neighbourhood, indicating it is priced consistently with comparable local properties.
3. What is the significance of the lot size?
The 4,514 sqft lot is a standout feature. It is larger than the average lot on Marjorie Street and in King Edward, providing more private outdoor space and potential for gardening, expansion, or additions subject to zoning.
4. What should I know about the age and condition of the home?
Built in 1949, the home is older than the city-wide average but typical for this established neighbourhood. The listing notes a renovated basement, suggesting some updates, but a thorough inspection is recommended to understand the condition of major systems and the main structure.
5. Who are the most likely neighbours?
The property is on a street of similar vintage homes. The provided comparable listings on Marjorie Street and nearby suggest a mix of well-maintained original character homes and some updated properties, indicating a stable, established residential area.