Property Summary: 265 Marjorie Street, Winnipeg
Section 1: Overview & Appeal
This one-storey home in Winnipeg's King Edward neighbourhood presents a straightforward, value-oriented opportunity. Its key characteristics are defined by its modest scale and its position within the local market. With 884 square feet of living space, an unrenovated basement, and no garage, the house is functionally compact. The lot, at just under 2,400 square feet, is notably smaller than typical for the city but is common for the area.
The primary appeal lies in its affordability and location within an established community. The home's assessed value is significantly below the citywide average, positioning it as an accessible entry point into homeownership. For its immediate street and neighbourhood, however, its size and value are quite average, suggesting it fits comfortably within the local context without standing out. A thoughtful perspective is that this property represents the "baseline" for the King Edward area—it’s not a standout fixer-upper nor a renovated gem, but a stable, no-frills option in a mature neighbourhood.
This property would best suit first-time buyers or practical investors looking for minimal upfront cost and who are comfortable with a home that may require updates over time. It’s less suited for those needing ample indoor or outdoor space or who desire modern, move-in-ready finishes.
Section 2: Frequently Asked Questions
1. Is the sold price history accurate?
The listed sale price from 2017 is an estimated range based on public data. For the precise historical sale price, you must request it directly via the provided email service, which is manually fulfilled.
2. How does the lot size impact potential use?
At 2,376 sqft, the lot is smaller than most in Winnipeg. This limits potential for large additions, extensive landscaping, or detached structures like a garage, but may appeal to those seeking lower maintenance outdoor space.
3. What does "around average for the neighbourhood" really mean?
Metrics like living area and assessed value rank near the middle of the pack for King Edward. This indicates the home is typical for the area, not under or over-valued relative to its immediate peers, which can be a sign of market stability.
4. Are there any major red flags from the data?
The data itself shows no extreme outliers, but key considerations are the home's age (1918), the unrenovated basement condition, and the lack of a garage. These are not red flags per se, but define the scope of potential future investment needed.
5. Who are the most likely competing buyers?
Given its profile, competition would most likely come from other entry-level buyers seeking affordability in an established neighbourhood, or investors looking for a rental property with a lower initial capital outlay.