Property Overview: 465 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This 1954 one-storey home in King Edward presents a practical and value-conscious opportunity. Its key appeal lies in its balance of a generous, above-average land size (4,653 sqft) with a modest, renovated basement and a detached garage. The living space (926 sqft) is typical for the immediate area but is notably smaller than the Winnipeg city average, framing this as a efficient, low-maintenance footprint.
The home’s metrics are consistently "around average" for its street and neighbourhood in terms of living area, year built, and assessed value, suggesting it fits seamlessly into the local fabric without extreme outliers. The standout is the lot size, which ranks in the top 18% on Marjorie Street, offering more outdoor space than most direct neighbours—a valuable asset for gardening, expansion, or simply more privacy.
This property would suit first-time buyers or downsizers looking for an established neighbourhood character without a massive footprint. It’s also a sensible candidate for a long-term holder who values land over sheer interior size, or for an investor seeking a stable, renovated rental in a central location. Its assessed value sits below the citywide average, indicating a potentially accessible entry point into the market.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
The land area of 4,653 sqft is significantly larger than the average lot on Marjorie Street and in King Edward. This means more yard space, potential for additions (subject to zoning), and generally a better sense of openness than neighbouring properties.
2. Is the living space small for the area?
At 926 sqft, the living area is very close to the neighbourhood average (approx. 952 sqft). It is, however, well below the Winnipeg city average, so while it’s typical for King Edward, buyers accustomed to newer suburban homes may find it compact.
3. What does the "around average" assessed value indicate?
An assessed value that is average for the street and neighbourhood but below the citywide average often points to a stable, established area without rapidly inflating prices. It can suggest a lower property tax burden relative to many parts of the city.
4. The home was built in 1954. What should I consider?
While the basement has been renovated, the core structure is over 70 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, foundation, and original plumbing or wiring.
5. Can I find out the exact historical sold price?
The listed sold price range is based on public data. The exact sale price from October 2020 is available by request via email from the listing source, as they manually verify and provide this detail.