Property Overview: 237 Marjorie Street, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1912, offering a straightforward living space of 820 square feet on a 2,407 square foot lot. The basement exists but is unrenovated, and the property does not include a garage or pool. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, with a very low assessed value that reflects its modest size and vintage. The home ranks below average in nearly every metric for its street, neighborhood, and city, which translates to a lower price point and property tax burden.
This property would best suit a pragmatic, budget-conscious buyer. It's a potential fit for a first-time homeowner willing to live with the home's current conditions while slowly making improvements, or an investor looking for a basic rental property with minimal upfront investment. Its smaller scale also means lower utility costs and less maintenance, appealing to those seeking simplicity. A less obvious perspective is that its age and unrenovated state offer a blank canvas without the premium of modern finishes, allowing a buyer to add value on their own terms without paying for someone else's renovation choices upfront.
Frequently Asked Questions
1. Is the basement finished or usable for storage?
The listing confirms the home has a basement, but specifically notes it is "not renovated." It should be considered unfinished utility space, which may be suitable for basic storage or mechanical systems, but not as livable area.
2. How does the assessed value relate to the likely selling price?
The assessed value is significantly lower than the city-wide average for homes. While sale prices are market-driven, this low assessment strongly indicates a lower purchase price compared to most city properties and suggests correspondingly lower annual property taxes.
3. What does "below average" ranking for living area and land size mean practically?
The home is smaller than most in the area. The lot is under 2,500 sq ft, which means minimal exterior upkeep but also limited space for additions, large gardens, or extensive outdoor amenities. The interior living space is efficient and would require thoughtful organization.
4. The home is over 110 years old. What should I consider?
While the structure has proven its durability, a home from 1912 will likely have older building systems, materials, and layouts. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Potential exists for historical charm, but also for needed updates.
5. Why are past sold prices shown as a range, and how can I get the exact figure?
The provided sale history from 2017 and 2019 shows estimated price ranges based on public data. To obtain the precise sale price, you must request it directly from the website via the provided email button, as they manually verify and supply that specific data.