Property Overview: 474 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in King Edward presents a solid, grounded opportunity. With 930 sqft of living space, it sits comfortably around the average size for both its street and neighbourhood, offering a practical layout without being oversized. A key feature is its renovated basement, adding valuable finished space. The property sits on a standard city lot with a detached garage.
The primary appeal lies in its strong value proposition within its immediate context. The home's assessed value ranks notably above average for both Marjorie Street and the broader King Edward area, suggesting it is viewed favorably relative to its local peers. This, combined with its recent sale history, indicates a stable and established property in a mature neighbourhood. It suits buyers looking for a manageable, low-maintenance home without the premium of a newer build, and who prioritize location and lot size over expansive square footage. A thoughtful perspective is that while its living space is modest citywide, its above-average assessment locally could signal better-than-average finishes, updates, or a particularly desirable lot placement on the block.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 930 sqft, the living area is very close to the average for both Marjorie Street (947 sqft avg) and the King Edward neighbourhood (952 sqft avg). It is a typically sized home for the area.
2. What does the "above average" assessed value ranking mean?
The home's assessed value ranks in the top 20% for King Edward and top 17% for its street. This means it is assessed at a higher value than most comparable homes nearby, which often reflects factors like renovations, condition, or lot desirability.
3. Is the basement included in the living area square footage?
Typically, above-grade square footage is reported as living area. The 930 sqft likely refers to the main floor. The listing confirms a renovated basement, which provides additional finished space not included in that primary figure.
4. What is the typical lot size in this area?
The lot is 4,031 sqft, which is standard for the neighbourhood and slightly above the street average. Citywide, lots of this size are below the overall average, which is common for established inner-city areas versus newer suburbs.
5. How old is this home, and what should I consider?
Built in 1954, it is older than the citywide average but typical for the neighbourhood. Buyers should factor in the potential for age-related maintenance and ensure any renovations (like the basement) were permitted, while also appreciating the character and established landscaping of an older home.