Property Overview: 404 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This 856 sqft bi-level home at 404 Marjorie Street presents a practical and competitively positioned opportunity in Winnipeg's King Edward neighbourhood. Built in 1977, it is notably newer than many surrounding homes, offering modern construction fundamentals within an established area. The home features a renovated basement and a detached garage.
Its primary appeal lies in its strong value proposition within its immediate context. The assessed value ranks well above average for both the street and the neighbourhood, suggesting a solid investment relative to nearby properties. While the living space is compact citywide, it is typical for the local area, making it an efficient and affordable entry point. The lot size is also standard for the locale, providing adequate outdoor space without the maintenance burden of a larger yard.
This property would suit first-time buyers or practical investors seeking a manageable, low-maintenance home in a central neighbourhood. It’s particularly suited for those who prioritize modern systems (thanks to its newer build year) and value stability over sheer size, as the data indicates it holds its value well compared to direct neighbours.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is in the top 16% for the King Edward neighbourhood, meaning it is valued higher than most comparable homes nearby. This often indicates desirable features, updates, or a premium lot.
2. Is the living space smaller than average?
While below the city-wide average for living area, the home is actually around the average size for both Marjorie Street and the King Edward neighbourhood. It represents a typical, efficient footprint for the area.
3. What does the "above average" year built mean for me?
Built in 1977, the home is significantly newer than the neighbourhood average (which is circa 1948-1950). This can translate to newer wiring, plumbing, and structural components, potentially reducing immediate repair costs.
4. What is the history of sold prices for this home?
Public records show previous sales in 2019 and 2021. For precise sold prices, you can request the exact figures via email from the listing source.
5. Who might this property not suit?
Buyers needing extensive space or a large city-standard yard may find it limiting. Its strengths are best appreciated by those comparing it within the local market context rather than to newer suburban developments.