Property Overview
227 Marjorie Street is a one-and-a-half storey home in Winnipeg’s King Edward neighbourhood, built in 1912. With 1,123 square feet of living space and a renovated basement, it sits on a 2,410 sqft lot. The home has no garage or pool. Its most recent recorded sale was in July 2023.
Key Characteristics & Appeal
This home presents a specific value proposition centred on space and location within its immediate area. Its living area is notably above average for both Marjorie Street and the wider King Edward neighbourhood, offering more interior room than many comparable homes. This is balanced by a below-average assessed value and a smaller, more manageable lot size. The appeal lies in this combination: you get a relatively spacious, character home (over 110 years old) in an established area, but with property taxes likely reflecting its lower assessment. The renovated basement adds functional living space.
It would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes interior square footage over a large yard or a modern build. It’s for someone who sees the charm and potential in an older home and is comfortable with its age, recognizing that while it ranks low in metrics like year-built and land size compared to the whole city, it holds its own within the local context of King Edward.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessment is based on a mass appraisal system considering factors like location, size, age, and recent sales. As an older, smaller-lot home in its specific area, its value is calibrated against similar nearby properties, not the city-wide average which includes many newer, larger homes on bigger lots.
2. What does "Top 19%" for living area on Marjorie Street mean?
It means this home’s living area is larger than 81% of the 200 reference homes on Marjorie Street. In simpler terms, it’s one of the more spacious homes on its own street.
3. Are there any concerns with a house built in 1912?
While the renovated basement is a positive, the age of the home means potential buyers should pay special attention to the condition of major systems (plumbing, electrical, foundation, roof) which may have been updated over time. A thorough inspection is essential.
4. The home sold recently in 2023. What does the price range indicate?
The provided sold price range is based on public data. The exact price is available upon request. The range suggests market activity fairly close to its assessed value at that time, which can be a useful benchmark for current value.
5. With no garage, what are the parking options?
The listing indicates no garage. Parking would typically be via on-street permit parking. Buyers should verify the specific regulations and availability with the city.