Property Summary: 311 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction status and above-average interior space. With 1,350 sqft of living area, it ranks within the top 7% of homes in the local area for size, providing more room than most nearby properties. The home also features a renovated basement. A key, less obvious perspective is its financial standing: the assessed value of $46,500 is elite for both the street and the King Edward area (top 3%), yet it remains modest city-wide, suggesting a property that holds significant value within its immediate context without the premium of a more expensive district.
The trade-off for the modern interior and value is a smaller land footprint. The lot is 2,386 sqft, which is below average for the street, area, and city. This means lower outdoor maintenance but limited private yard space. The home has no garage or pool.
This property would best suit buyers prioritizing a modern, low-maintenance interior without needing a large yard. It’s ideal for first-time homeowners, small families, or professionals who want a newer build in an established neighbourhood and value interior space over land size. It also presents a compelling case for value-oriented investors or buyers looking for a property with strong assessed value metrics within its community.
Frequently Asked Questions
1. Is this a brand-new home?
It was built in 2023, so it is essentially new construction with only a few years of potential occupancy. All major systems and finishes are modern and likely under warranty.
2. Why is the assessed value so high for the area?
The assessed value of $46,500 ranks in the top 3% on Marjorie Street and top 2% in King Edward. This reflects the premium for a very new (2023) build with above-average living space compared to the older, often smaller homes that dominate the area's housing stock.
3. What are the drawbacks of a smaller lot?
The 2,386 sqft lot is below average. This means a more compact backyard, less potential for expansions like a large deck or addition, and possibly closer proximity to neighbours. The benefit is significantly less outdoor upkeep.
4. What does "renovated basement" mean?
The listing confirms the basement is renovated, but the specific finishes and layout are not detailed. It’s important to clarify whether it is a legal suite, a finished recreational space, or simply updated, and to verify permits if any structural work was done.
5. Where can I find the exact historical sale price?
The provided sold price history shows a range. To obtain the exact sale price from previous transactions, you must request it directly via the email tool on the listing page. The service is manual but provided without marketing spam.