Property Overview: 470 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2022, stands out in its established King Edward neighbourhood for its modern construction and above-average living space. With 1,454 sqft of living area, it offers significantly more room than most comparable homes on its street and in the immediate area. Its assessed value ranks in the top 5% locally, reflecting its premium position among nearby properties. The home features a basement (unrenovated) and sits on a 2,400 sqft lot, which is notably smaller than the neighbourhood norm—a trade-off for a newer, low-maintenance structure in a mature community.
The primary appeal lies in acquiring a like-new home without the wait of new construction, set within a well-located, established area. It suits buyers seeking modern interiors and systems, who value space and condition over a large yard. It’s an ideal match for professionals or small families wanting a turn-key property with minimal immediate upkeep, and who appreciate the statistical rarity of a recently built home in this context. A thoughtful perspective: this property represents a shift in the neighbourhood's fabric, offering a contemporary lifestyle footprint amidst older character homes, which may appeal to those looking for the best of both worlds.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking mean?
It indicates this home is valued significantly higher than most of its immediate neighbours. This often reflects its newer age, larger living area, and modern features compared to the older housing stock that dominates the area.
2. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is smaller than the neighbourhood average, meaning less outdoor space for gardening or expansion. However, it translates to less yard maintenance and aligns with a more lock-and-leave or low-maintenance living preference.
3. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for finishing this space to suit their needs and anticipate a standard pre-construction foundation finish.
4. How does this home compare to the one sold next door in 2022?
The nearby sale at 447 Marjorie Street (2023 build, 1,535 sqft, assessed at $49.5k) is a useful benchmark. It suggests this property is part of a small cluster of new infill homes and provides a reference for potential value, though differences in finish and layout will affect direct comparison.
5. Who typically buys in this area?
King Edward attracts a mix of long-time residents, university affiliates due to its central location, and increasingly, buyers seeking character neighbourhoods close to amenities. This particular home, as a modern infill, likely draws those from the latter group who prioritize new construction within an established community.