Property Overview: 364 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a straightforward opportunity in Winnipeg’s core. Built in 1949, its 931 sqft living space and unrenovated basement reflect a classic, no-frills character. The standout feature is its 4,663 sqft lot, which is notably larger than many in the immediate area and street, offering valuable outdoor space or future potential in a neighbourhood where land is typically more subdivided.
Its appeal lies in its position as a relative blank canvas within a mature, established community. The home’s metrics—living area, assessed value, and year built—are consistently around the average for both Marjorie Street and the broader King Edward neighbourhood, indicating it’s a typical property for the area rather than an outlier. This makes it a predictable entry point. It would suit a practical, value-conscious buyer—perhaps a first-time homeowner comfortable with a property that may need updates over time, or an investor looking for a land-hold in a central location. The detached garage adds functional utility. A less obvious perspective is that its "average" stats within the local context provide a stable foundation; you’re not overpaying for premium finishes nor dealing with the deepest fixer-upper on the block, which can be a smart, low-drama way to enter the market.
Frequently Asked Questions
1. What is the actual recent sale price?
Public records show estimated sale ranges: $27.5k-$30.5k in July 2021 and $19.5k-$22.5k in June 2017. For the exact historical sold prices, you must request the information directly via email from the listing source.
2. What does "unrenovated basement" imply?
It typically means the basement space is in original or functional condition, but not modernized. Buyers should budget for potential updates and consider inspections for foundational, moisture, or mechanical systems common in homes of this era.
3. How does the lot size compare?
The land area is a key advantage. At 4,663 sqft, it ranks in the top 17% on Marjorie Street and top 28% in King Edward, meaning it offers more yard space than most comparable local properties.
4. Who might this property NOT suit?
It may not suit buyers seeking a move-in-ready home with modern amenities, or those unwilling to take on gradual renovation projects. The living space is also below the citywide average, so those needing significant square footage may find it compact.
5. Is the assessed value a reliable indicator of market price?
Not directly. The municipal assessed value for taxation ($25.60k) is a snapshot for civic purposes and is consistently below recent sale prices. Market value is determined by current buyer demand, property condition, and comparable sales.