Property Overview: 282 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 282 Marjorie Street presents a distinct profile within Winnipeg’s King Edward neighborhood. Its primary appeal lies in its modern build year (2016), making it one of the newest homes in the immediate area, which is predominantly composed of older properties. This translates to less immediate concern over major aging systems and potentially lower maintenance costs in the short term.
The home’s assessed value ranks above average for both the street and the neighborhood, suggesting it is viewed favorably relative to its local peers. However, with 926 sqft of living space and a notably smaller land lot (2,329 sqft), it offers a more compact, low-maintenance footprint. The property does not have a garage or a pool.
This home would suit first-time buyers or downsizers seeking a modern, entry-level property in an established neighborhood without the upkeep of a larger yard or an older structure. It’s a practical choice for those prioritizing a newer build and efficient use of space over square footage and lot size. A thoughtful perspective is that its smaller lot, while below average in size, aligns with a minimalist lifestyle and reduces weekly yard work, which can be a hidden benefit for busy professionals or retirees.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished space that offers potential for future expansion or storage.
2. How does the property’s value compare to the rest of the city?
While its assessed value is above average for its local area, it ranks below the city-wide average, reflecting its more compact size and the typically lower price points in its neighborhood compared to newer suburban developments.
3. What are the parking options without a garage?
The property has no garage. Parking would be via a driveway or on-street, which is common for the area. It’s advisable to confirm driveway specifics during a viewing.
4. The home sold in 2017. Is there a history of frequent turnover?
The available data shows one recorded sale in May 2017. This does not indicate frequent turnover; the home has likely had only one or two owners since it was built in 2016.
5. The lot size seems small. Will this affect future expansion or resale?
The land area is significantly smaller than area averages. This likely limits possibilities for large additions or pools but contributes to the low-maintenance appeal. Resale would cater to buyers with similar priorities for ease of upkeep.