Property Summary: 504 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in King Edward presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a generous, above-average lot size and a recently renovated basement, offering immediate livability and future potential. While the living space is modest and typical for the immediate area, the property stands out with an assessed value that ranks above average for both the street and the neighborhood, suggesting a solid foundation of value. The detached garage adds functional storage or workshop space.
The home would suit first-time buyers seeking an entry point into a stable neighborhood without a major project, or investors looking for a manageable rental property. A less obvious perspective is its appeal to those who prioritize outdoor space over interior square footage; the large lot provides a rare canvas for gardening, expansion, or simply private outdoor enjoyment in the city. Its "around average" metrics in many categories indicate a home that is comfortably aligned with its community, offering a sense of stability rather than standing out as an outlier.
Section 2: Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is above average for both Marjorie Street and the wider King Edward neighborhood, but sits around average when compared city-wide. This indicates a strong value proposition within its immediate context.
2. Is the lot size a significant feature?
Yes. The land area of 4,777 sqft ranks in the top 11% on its street and top 23% in the neighborhood, meaning it is substantially larger than many comparable properties. This is a key asset for privacy, outdoor activities, or future landscaping.
3. What should I know about the home's size and updates?
With 931 sqft of living area, the home is typical for houses on its street. The primary update mentioned is a renovated basement, which adds finished living space. The main floor retains the original 1954 layout, which may appeal to those wanting a classic footprint or planning personalized updates.
4. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. The listing service provides an estimated range and offers to send the precise sale history manually via email upon request, at no cost and without marketing spam.
5. Who are the most comparable nearby properties?
The listing suggests looking at homes with a similar assessed value (like those on Hendon Avenue or Wexford Street) rather than just adjacent houses, as this gives a better financial comparison across similar segments of the market.