Property Overview: 372 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a practical opportunity, particularly for its land value and neighbourhood positioning. Built in 1949, its 917 sqft living space is typical for the immediate area but modest by wider city standards. The renovated basement adds functional living space. A key standout is the 4,693 sqft lot, which is notably larger than most on the street and in the neighbourhood, offering above-average outdoor space and potential.
Its appeal lies in its solid fundamentals within a mature community. The home’s assessed value ranks well above average for both the street and King Edward, suggesting it is viewed as a solid asset in its local context. It suits first-time buyers or practical investors looking for a home with a manageable footprint on a generous lot, without the premium of a newer or substantially larger house. It’s a property where the value may be more in the land and location than in the size or newness of the structure, appealing to those who see potential in the lot itself or who prioritize established neighbourhoods over square footage.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 917 sqft, the living area is very close to the average for both Marjorie Street and the wider King Edward neighbourhood. However, it is significantly smaller than the typical Winnipeg home, which averages around 1,342 sqft.
2. Is the assessed value high or low?
The assessed value of $30,400 is above average for both the immediate street and the King Edward area. Citywide, it sits around the average mark. This indicates the property is considered a relatively strong performer within its local market.
3. What is the significance of the lot size?
The lot of 4,693 sqft is a key feature. It ranks in the top 14% on Marjorie Street and the top 27% in King Edward for size, meaning it offers more outdoor space than most comparable properties. This can be a major asset for gardening, expansion, or simply having more privacy.
4. What can recent sale prices tell me?
The home sold in April 2021 for an estimated range of $20,500-$23,500. This historical data provides a benchmark, but market conditions have likely changed. For the exact sale price, you can request it via email from the listing source.
5. Are homes here much older than the rest of Winnipeg?
Yes. Built in 1949, it is typical for its area but is older than the citywide average home (built around 1966). Buyers should expect the maintenance considerations common to houses of this vintage.