407 Marjorie Street

Property Overview: 407 Marjorie Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1914, presents a classic character property with practical updates. Its key appeal lies in offering above-average space for the immediate area. With 1,168 sqft of living area, it ranks in the top 16% for size both on its street and within the King Edward neighbourhood, providing more room than many nearby comparables. The home features a renovated basement and a detached garage, sitting on a standard city lot of just over 4,000 sqft.

The property suits buyers looking for a well-positioned, no-fuss character home without the premium price tag of a fully modernized or larger-lot property. Its assessed value is modest and in line with area averages, suggesting a potentially accessible entry point into the neighbourhood. A thoughtful perspective is that while the home is older than most in the city, it is typical for its established community, offering a chance to own a piece of the area's history with some of the renovation work already started. It would particularly suit a first-time buyer, an investor, or someone seeking a straightforward home in a central location who values interior space over a newer build or extensive yard.

Frequently Asked Questions

1. How does the home's size compare to others?
It is notably larger than many homes directly around it, ranking in the top 16% for living area on Marjorie Street and in the King Edward neighbourhood.

2. Is the assessed value typical for the area?
Yes. The assessment is around the average for both the street and the neighbourhood, though it is below the citywide average, reflecting the home's age and the community's character.

3. What should I consider about the 1914 build date?
While the home is older than roughly 90% of properties on its street, this is common in established central neighbourhoods. The renovated basement is a positive update, but a thorough inspection is recommended to understand the condition of major vintage home systems.

4. How does the lot size compare?
The land area is fairly typical for the street and neighbourhood, but below the citywide average. This is standard for central, older communities and means less exterior maintenance than a larger suburban lot.

5. What is the recent sales history?
Public records indicate a sale in October 2019 for an estimated range of $235k-$265k. For the exact sold price, you can request the information via email from the listing source.