269 Marjorie Street is a modern, two-storey home built in 2023, offering a turnkey living experience in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its combination of new construction and a highly efficient, compact footprint. With 1,496 sqft of living space and a renovated basement, it provides modern amenities without excessive upkeep. The home ranks in the elite top percentiles for its living area, assessed value, and newness compared to its immediate street and neighbourhood, indicating it stands out as a substantially above-average property in its local context.
This home is ideally suited for buyers seeking a low-maintenance, modern property in a central location. It would particularly appeal to professionals, small families, or downsizers who prioritize quality, modern finishes, and efficient use of space over a large yard. The data suggests it offers a premium product for the area, making it a strong candidate for someone looking for a move-in-ready home with the benefits of new construction in an established community.
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What does the "elite" ranking actually mean for me?
It means this home significantly outperforms most comparable properties on Marjorie Street and in the King Edward area in key metrics like size, value, and age. You're purchasing a property that is a statistical standout in its immediate market, which can be a positive for future value.
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The land area is noted as "below average." Is that a concern?
The lot is smaller than typical for the city and even the neighbourhood. This translates to less outdoor maintenance, which many buyers see as a benefit. The trade-off is a more efficient use of space, with the living area itself being well above average for the area.
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Is the assessed value a reliable indicator of the selling price?
The assessed value for this home is notably high for the area, placing it in the top 1-2% locally. While market conditions ultimately determine sale price, this high assessment strongly reflects the property's modern condition and premium positioning relative to its older neighbours.
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Who might this property not suit?
Buyers needing extensive garage space, multiple vehicle parking, or a large private yard for gardening or recreation may find the compact lot size limiting. It's designed for efficient urban living rather than sprawling outdoor space.
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The home sold in early 2023. What does that recent sale history indicate?
A sale just a year after the home was built suggests it was likely a quick resale of a new build. This isn't uncommon and could be due to many factors, such as a change in the original owner's circumstances. It provides a very recent, transparent market price point to consider.