Property Overview: 238 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in King Edward presents a practical and efficient living option. Its key characteristics include a renovated basement, a detached garage, and a 1986 build date, which is notably newer than many homes in the immediate area and across Winnipeg. With just over 1,000 square feet of living space, it offers a manageable size that is above average for its street and neighbourhood.
The primary appeal lies in its balance of modern convenience and neighbourhood value. The renovated basement adds functional living space, while the newer construction year suggests potentially fewer immediate concerns with major aging components compared to century-old homes common in central neighbourhoods. It suits first-time buyers seeking an entry point into the market without a major renovation project, or investors looking for a relatively modern, low-maintenance rental property. The lot is compact, which translates to less yard upkeep—a plus for those seeking a simplified lifestyle—but offers less private outdoor space.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to the area?
The living space is efficient and actually larger than many comparable homes on Marjorie Street and in the King Edward neighbourhood. However, the land area is significantly smaller than typical lots in Winnipeg, meaning a smaller yard.
2. What does the "above average" year built mean for a buyer?
Built in 1986, the home is decades newer than the neighbourhood and city averages. This can be an advantage, potentially indicating updated wiring, plumbing, and insulation standards from that era, which may reduce the need for immediate major system upgrades.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value for tax purposes is one data point, but market conditions determine the sale price. The home last sold in 2022, and reviewing the exact sold price history (available by request) for that and comparable listings will provide a clearer picture of current value.
4. Who might the compact lot size appeal to?
The smaller lot requires less maintenance, which can be a significant benefit for busy professionals, downsizers, or those who prefer to spend less time on yard work. It may not suit buyers looking for extensive gardening space or large private outdoor areas.
5. What is the significance of the renovated basement?
A renovated basement immediately adds usable living space, whether for a family room, home office, or additional storage. It’s a finished feature that adds functionality without the need for a future investment of time and money by the new owner.