Property Overview: 214 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a modest lot in the King Edward neighbourhood. With 718 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its key appeal lies in its accessibility and potential. The assessed value is notably low, both for the street and the wider city, which translates to correspondingly lower property taxes. This creates a very low barrier to entry for homeownership or investment.
The home would suit a specific type of buyer: a first-time purchaser seeking an affordable foothold in the market, a hands-on investor looking for a rental property with minimal initial outlay, or someone interested in a land-value play for the future. Its smaller size and vintage offer a simpler, more manageable living situation compared to larger, modern homes. A less obvious perspective is that a home of this age and scale in a central area can represent a sustainable, lower-consumption lifestyle, with inherently smaller utility footprints and renovation costs.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's smaller size, age, and lack of recent major renovations compared to the typical Winnipeg home. It is more in line with similar, compact properties in its immediate area.
2. What does "below average" for land area mean in this context?
The lot is smaller than most in Winnipeg, but this is typical for older, central neighbourhoods. It means less yard maintenance, which can be a practical benefit, but also less private outdoor space.
3. Is the unrenovated basement a major concern?
It indicates a project for the future. While it offers potential for additional living space or storage, a buyer should budget for any necessary updates, such as moisture control, insulation, or finishing, to make it fully functional.
4. Who would this property not be suitable for?
It would likely not suit a growing family needing multiple bedrooms and more living space, or anyone seeking a move-in-ready home with modern amenities and no immediate projects.
5. How reliable are the historical sold price ranges shown?
These ranges are based on publicly available data. For precise historical sale figures to inform your offer, you can request the exact sold price history directly via the provided email service.