Property Overview
410 Marjorie Street is a one-and-a-half storey home in Winnipeg's King Edward neighbourhood, built in 1949. Its key appeal lies in a combination of a generous, above-average lot and a home that presents as a manageable, renovated blank slate. With 900 sqft of living space and a renovated basement, the house itself is modest and typical for the local area. However, the land area of over 5,200 sqft is a standout feature, ranking in the top 4% on its street. This offers significant outdoor space and potential that is rare for the vicinity. Recent sale data indicates steady value appreciation in the area.
This property would suit a first-time buyer or a practical downsizer looking for a home with immediate livability in an established neighbourhood, but who also values future optionality. The large lot is a long-term asset, offering room for gardens, expansion, or simply more privacy than nearby properties. It’s a home for someone comfortable with a compact footprint who sees the land itself as a core part of the investment.
Frequently Asked Questions
How does the home’s size compare to others?
At 900 sqft, the living area is very close to the average for both Marjorie Street and the wider King Edward neighbourhood. It provides essential space without the upkeep of a larger home.
What is the significance of the lot size?
The lot is a major feature. At 5,214 sqft, it is substantially larger than most on the street (ranking 7th largest out of 200), offering more yard space and potential than is typical for the area.
What can recent sale prices tell me?
The home sold in mid-2024 for an estimated 40-50% more than its early 2016 sale price. This suggests the area has seen appreciable value growth over that period, though past performance is not a guarantee of future results.
Is the basement finished?
Yes, the listing specifies the basement is renovated, adding functional living space to the home's footprint.
How does the assessed value compare?
The assessed value is around average for King Edward and Marjorie Street, but below the city-wide average. This typically reflects the home’s smaller size and older age compared to newer city subdivisions, not necessarily the land value.