Property Overview: 514 Marsden Street, Winnipeg
Key Characteristics & Appeal
This 816 sqft bungalow, built in 1959, sits on a just-under 5,000 sqft lot in Munroe East. Its core appeal lies in being a modest, entry-level property with a very low municipal assessed value ($27,800), which suggests a correspondingly affordable price point and lower property taxes. The home is notably smaller than most on its street and in the wider city, positioning it as a true starter home or a strategic investment property.
The data reveals some thoughtful perspectives: while the house itself is compact, its lot size is quite typical for the immediate Munroe East area. Furthermore, it is one of the newer homes on Marsden Street, which may imply newer major systems or less immediate concern for some age-related issues common in older Winnipeg homes. It last sold in 2019, and its assessed value sits around the neighborhood average, indicating stability rather than outlier status.
This property would best suit first-time buyers prioritizing affordability and getting into the market, or investors looking for a rental property with a manageable overhead. It is less suited for those needing ample indoor living space or a premium lot size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes, not market sale price. This value is in line with the Munroe East neighborhood average, but is far below the city-wide average because that average includes much newer, larger, and higher-value homes from across all Winnipeg districts.
2. How does the smaller living area impact daily life and value?
At 816 sqft, the home requires efficient use of space and is ideal for individuals, couples, or small families. While it limits room for growth, it also translates to lower utility costs and less maintenance. Value-wise, it places the property in a specific, affordable market segment.
3. What does it mean that the home is "newer" on its street?
Built in 1959, it ranks in the top 20% for year built on Marsden Street. This suggests that, compared to its immediate neighbors, it may have had updates over the years or feature construction methods and materials from a slightly later era, which can be a relative advantage.
4. Is the lot size a disadvantage?
At 4,953 sqft, the lot is smaller than others on Marsden Street but is actually around the average for the broader Munroe East area. It provides a standard outdoor space for a city lot—adequate for a garden, patio, and parking, but not for extensive expansions or additions.
5. How can I find out the exact historical sale prices?
The exact sold prices are not published in the public record. You can request the accurate sale history by emailing via the provided form on the listing page; the service provides the data manually without using your email for marketing.