Property Overview: 462 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic character property in Winnipeg's King Edward neighbourhood. With 1,026 sqft of living space and a detached garage, its key appeal lies in its context. The home offers above-average interior space for its immediate street, ranking in the top 25% of comparable homes on Marjorie Street. This suggests a relatively spacious layout compared to its closest neighbours. However, its assessed value is notably modest, positioning it as a potentially accessible entry point into the area.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner comfortable with the upkeep of a century-old home, or an investor looking for a character property with a stable baseline value in an established community. A thoughtful perspective is that while the lot size is smaller than city averages, it is fairly typical for the inner-core neighbourhood, offering lower maintenance without sacrificing the benefits of detached home ownership. Its recent sale in 2023 indicates it’s a turnkey property in active market circulation.
Frequently Asked Questions
1. Is this a small house?
It depends on the comparison. Within its own neighbourhood and especially on its street, the living area is actually above average. City-wide, it is smaller than the typical Winnipeg home, which often includes newer suburban properties with larger footprints.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed significantly higher by newer, larger homes in suburban areas. This home’s assessment is much more aligned with older, character homes in established inner-city neighbourhoods like King Edward.
3. What does the sold price history tell me?
The listed range from its March 2023 sale provides a recent market benchmark. For the exact sale price to understand true market value, you must request it directly via the provided email service.
4. What are the implications of the 1914 build date?
A home of this age offers charm and established neighbourhood roots but requires a buyer to be mindful of potential updates. Systems like plumbing, electrical, or the roof may need attention or modernization, which should be factored into budgeting.
5. How does the lot size impact the property?
At 2,403 sqft, the lot is compact. This means less yard maintenance, but also limited space for expansions or large outdoor amenities. It’s a practical urban lot, consistent with the neighbourhood’s density.