Property Overview: 463 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in King Edward presents a practical and value-conscious opportunity. Its key characteristics include 961 sqft of living space, a renovated basement, a detached garage, and a 3,490 sqft lot, all built in 1955.
The appeal lies in its strong positioning within the immediate area. The home ranks above average for both assessed value and year built on its street and in the King Edward neighbourhood, suggesting a solid, maintained property in a stable context. The renovated basement adds functional living space. While its size is modest city-wide, this translates to manageable upkeep and lower utility costs. The lot size is typical for the area, offering decent outdoor space without excessive maintenance.
This property would suit first-time buyers seeking an entry point into a mature neighbourhood, or practical downsizers looking for a single-level layout with modernized basics. It’s a home for those who value neighbourhood comparables and long-term stability over sheer size, offering the chance to live in a home that stands above many of its direct peers in key financial metrics.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value of $30,300 ranks in the top 21% on Marjorie Street and the top 23% in the King Edward neighbourhood, indicating it is considered more valuable than many surrounding properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand the quality and functionality of the space.
3. Is the living space sufficient for a small family?
At 961 sqft, the living area is around the neighbourhood average. It may require efficient use of space, but the renovated basement likely provides crucial additional room for a family room, office, or play area.
4. How does the lot size compare?
The lot is approximately 3,490 sqft, which is very typical for Marjorie Street and King Edward. It is, however, below the city-wide average, reflecting the denser, established nature of the neighbourhood.
5. Where can I find the exact historical sold price?
The listed sold price range (e.g., $30.5k ~ $33.5k in 9/2021) is an estimate from public data. The exact sale price can be requested directly from SaveOnHouse via the email link provided on the detail page.