Property Overview & Key Characteristics
496 Marjorie Street is a one-storey home in Winnipeg's King Edward neighbourhood, built in 1955. Its key appeal lies in its balance of a generous, above-average lot size (4,591 sqft) and a recently renovated basement within a modestly sized, efficient footprint (897 sqft living area). The home presents a practical, grounded value proposition.
The data suggests its primary strengths are relative to its immediate context. Within its own street and neighbourhood, the property holds its own or exceeds averages for lot size, year built, and assessed value. Its city-wide rankings, however, indicate it is a more compact home on a standard city lot, which translates to a lower assessed value compared to the Winnipeg average. This positions it not as a luxury property, but as a solid, entry-level or downsizing option with outdoor space and modernized living areas.
The detached garage and renovated basement add functional utility. This home would likely suit first-time buyers seeking a manageable house with room to garden or entertain outdoors, or practical downsizers looking for a single-level layout with updated features and lower carrying costs. It’s for buyers who prioritize neighbourhood character and lot potential over sheer square footage.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 897 sqft, the living area is slightly below the average for the King Edward neighbourhood but is very close to the average for Marjorie Street itself. It is a compact, efficient layout.
2. What does the assessed value tell me about the property?
The assessed value is consistently around the average for both Marjorie Street and the King Edward area, but is below the city-wide average. This typically reflects the home's smaller size and the neighbourhood's market positioning rather than condition.
3. Is the lot size a significant feature?
Yes. The lot of 4,591 sqft is notably larger than the average for both Marjorie Street and the King Edward neighbourhood. This is one of the property's standout characteristics, offering more outdoor space than many comparable homes.
4. The home was built in 1955. What should I consider?
While newer than many homes on its street and in King Edward, a 71-year-old home will still have aging core components. The renovated basement is a plus, but a thorough inspection of the roof, foundation, plumbing, and electrical systems is essential.
5. Where can I find the exact historical sale prices?
Exact sold prices are not published publicly. The listing service provides an estimated range (e.g., $30.5k–$33.5k in June 2023). You can request the precise figures by emailing the site directly, as noted in the property details.