Property Overview: 486 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in King Edward presents a practical and comfortable living opportunity. Built in 1955, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and upkeep. With 961 sqft of living space and a renovated basement, it offers functional space for a small household. The lot is a manageable 3,593 sqft, typical for the neighbourhood.
Its primary appeal lies in its position as a solid, average-performing home within its established community. The data shows it consistently ranks around the middle of the pack for its street and neighbourhood in terms of size, value, and land, indicating a property that is neither an outlier nor a fixer-upper, but a stable part of the local fabric. This makes it a straightforward option without the premium price of a top-tier home or the potential surprises of a lower-tier one.
This property would suit first-time buyers or downsizers seeking a manageable, no-fuss home in a mature neighbourhood. It’s also a sensible fit for an investor looking for a stable, rental-ready property without extreme value fluctuations. A thoughtful perspective is that its "average" metrics within a desirable area like King Edward could represent a lower-risk entry point, offering community benefits without paying for a standout feature like an oversized lot or a brand-new renovation.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the wider Winnipeg market?
City-wide data indicates this home’s assessed value and living area are below the Winnipeg average. This highlights that its value is specifically tied to the established King Edward neighbourhood, not to broader city trends, which may appeal to buyers targeting this specific location.
2. What does the sold price history indicate?
The home sold previously in 2019 and 2023. The increase in sale price range between those dates appears consistent with broader market movements. For precise figures to inform your offer, you can request the exact sold prices via email from the site.
3. Is the lot size a limitation?
At just under 3,600 sqft, the lot is below the city average but is standard for King Edward. It provides adequate outdoor space for a patio or garden without the maintenance burden of a much larger yard, which can be a positive for many buyers.
4. What are the implications of the home being "newer" than area averages?
Built in 1955, the home is younger than many neighbours. This can suggest that major components like the foundation or core structure may have a longer potential lifespan than older peers, though the condition of updates (like the basement renovation) and mechanical systems should still be verified.
5. Are there any obvious red flags from the public data?
The public metrics show no extreme outliers; everything is within a typical range for the area. This consistency suggests a property that hasn’t been over-improved for the street or fallen into disrepair. The main due diligence should focus on the quality of the basement renovation and the condition of the roof, windows, and mechanical systems common for a home of this age.