Property Overview: 490 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2021, stands out in its established King Edward neighbourhood for its modern age and above-average living space. With 1,353 sqft, it offers significantly more room than most comparable homes on its street and in the immediate area. Its assessed value ranks highly within the neighbourhood, suggesting it is a substantial property for the locale.
The primary appeal lies in acquiring a nearly new construction in a mature area, bypassing the need for major immediate renovations. The home’s strength is in its modern structure and efficient use of interior space, though it’s worth noting the lot size is compact relative to area norms. This property would suit a buyer looking for a low-maintenance, move-in-ready home in a central Winnipeg neighbourhood, who prioritizes modern interior space over a large yard. It’s particularly suited for professionals, small families, or downsizers seeking a newer build without moving to the distant suburbs.
Frequently Asked Questions
1. How does the lot size impact the property?
The land area is smaller than most in the neighbourhood. This typically means less exterior maintenance but also limited potential for expansions like a large addition or garage. It emphasizes the home as a compact, efficient living space.
2. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative within market areas. While the value is high for King Edward, it reflects the neighbourhood’s overall pricing. The city-wide average is pulled much higher by newer suburban developments and more expensive districts.
3. What does the sold price history indicate?
The home sold in 2021 for a price range consistent with its current assessed value. This suggests stable value retention in its market segment, but for the most precise historical data, you should request the exact sold price via the provided email service.
4. What are the implications of the basement being "not renovated"?
The basement is finished but likely in a basic, functional state consistent with the home’s 2021 build. It provides usable space but may not have high-end finishes, representing a potential canvas for future personalization.
5. Who might this home not be ideal for?
It may not suit buyers seeking a large garden, extensive outdoor space, or a traditional character home, as it is a modern build on a smaller lot. Those prioritizing extensive storage or wanting to add a detached garage might find the property limiting.