Property Overview: 417 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a practical opportunity in a mature Winnipeg neighbourhood. Built in 1949, its 915 sqft living area and renovated basement offer a functional layout for compact living. The detached garage and a notably generous 4,334 sqft lot provide valuable outdoor space and potential that is above average for the immediate area.
The primary appeal lies in its positioning as a solid, no-frills property within its local context. The data shows it consistently ranks around the middle compared to homes on its street and in the King Edward neighbourhood for size, value, and age, meaning it’s a typical offering for the area without major outliers. Its city-wide rankings, however, are lower, highlighting that it represents a more modest and affordable scale of home compared to the Winnipeg average. This makes it a candidate for value-conscious buyers who prioritize lot size and location over square footage.
This home would suit a first-time buyer looking for an entry point into homeownership with room to grow outdoors, or an investor seeking a manageable rental property. It may also appeal to someone looking to downsize while retaining a private yard and garage—amenities that can be harder to find in more modern, dense developments. A thoughtful perspective is that its "average" local standing is a stability indicator; it’s not an over-improved property for the block, which can simplify both purchase and future resale.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Based on assessed value, this property is very typical for both Marjorie Street and the broader King Edward neighbourhood, ranking near the middle. Its last recorded sale price (2023) also fell within the typical range for the area at that time.
2. Is the living space smaller than average?
Within the King Edward neighbourhood and on its own street, the living area is quite standard, sitting close to the local average of about 950 sqft. Compared to the city-wide average, however, it is more compact.
3. What is the significance of the lot size?
At over 4,300 sqft, the lot is a standout feature. It is larger than many neighbouring properties and provides ample outdoor space for gardening, recreation, or future expansion, subject to local zoning.
4. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be verified through a viewing or by requesting details from the listing agent to understand the finish quality, ceiling height, and permitted uses.
5. Are sold prices for nearby homes similar?
Recent sales on Marjorie Street show a range. A newer, larger home at 447 Marjorie sold for significantly more, while an older, slightly larger home at 381 Parkview Street had a lower assessed value. This suggests values on the street are influenced heavily by a home’s condition, size, and level of modernization.