Property Overview: 279 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This 902 sqft one-storey home, built in 1948, presents a solid, no-frills opportunity in Winnipeg's King Edward neighborhood. Its primary appeal lies in a combination of modest scale and a surprisingly generous land parcel. While the living space is fairly typical for the immediate area, the lot size of 5,744 sqft is a standout feature, ranking in the top 2% on its own street and top 7% in King Edward. This offers significant outdoor space and potential not commonly found with homes of this size and assessed value. The basement has been renovated, adding functional living space.
The home suits practical buyers looking for a grounded entry point into homeownership or a long-term holder seeking a manageable property with a valuable land asset. It’s ideal for someone comfortable with a home of average condition for its age who sees the long-term value in the land itself—whether for gardening, expansion, or simply as a hedge. Its assessed value is consistently around average for the local area, suggesting a stable, unexaggerated market position. This isn’t a luxury property, but a straightforward one where the land provides a less obvious advantage over many neighboring lots.
Frequently Asked Questions
1. What is the most notable feature of this property?
Beyond the renovated basement, the lot size is the most distinctive aspect. At over 5,700 sqft, it provides substantial outdoor space that is well above the norm for King Edward and exceptional for Marjorie Street.
2. Who would this home be best suited for?
It’s a strong fit for first-time buyers, downsizers, or investors seeking a property with a manageable footprint and a valuable, larger-than-average lot. It appeals to those with a practical mindset rather than someone seeking a fully modernized turn-key home.
3. How does the property compare to others in Winnipeg?
City-wide, the living area is below the Winnipeg average, but the assessed value is also significantly lower than the city average. This highlights its positioning as an affordable option within the city, with the trade-off being less interior space.
4. Is there potential for future expansion or development?
The large lot size inherently offers more flexibility for future additions, landscaping projects, or outdoor amenities than most comparable properties in the area. Any structural expansion would require proper permits and feasibility studies.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this precise information via email upon request, which they handle manually without using the contact for unsolicited marketing.