Property Overview: 477 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in the King Edward neighbourhood presents a practical and grounded opportunity. Built in 1954, its 926 sqft living area is typical for the immediate street and area, offering a manageable layout. A key feature is the renovated basement, adding functional living space. The property stands out with a notably larger-than-average lot for the area at 4,652 sqft, providing valuable outdoor space and potential in a mature neighbourhood. It includes a detached garage.
The appeal lies in its position as a solid, no-frills property within its community context. It’s not the newest or largest home citywide, but it holds its own among local peers in terms of size and assessed value. The generous lot size is a significant asset, offering room for gardening, play, or future expansion that is harder to find on newer, more densely packed streets.
This home would suit first-time buyers or downsizers looking for an entry point into a stable neighbourhood without a massive footprint to maintain. It’s also a fit for value-oriented buyers who prioritize land size over a recently built structure and see potential in the updated basement and the possibilities of a large yard.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows it is very much in line with the character of Marjorie Street and King Edward. Its living area and assessed value are around the local average, but its land area is in the top 20% on the street, meaning you get more yard than most neighbours.
2. What is the significance of the "renovated basement"?
While specific finishes aren’t detailed, a renovated basement in a 1954 home typically means updated living space that is comfortable and functional. It’s important to clarify the scope of the renovation, the ceiling height, and whether it includes a proper egress window.
3. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and newer areas. The assessed value here is actually above the local area average, reflecting its relative standing within the established King Edward neighbourhood, where property values are generally lower than the city median.
4. What are the implications of a larger lot?
Beyond more private outdoor space, a larger lot in an older neighbourhood can offer better drainage, more distance from neighbours, and future potential (like adding a deck, shed, or even an addition, subject to zoning bylaws). It also may contribute to a slower pace of infill development on the street.
5. How can I get the exact historical sold price?
The listed price range is based on public data. As noted, you can request the exact sold price history by emailing the source directly. They provide this detail manually and state they do not use email addresses for unsolicited marketing.