54.1
Fair
Property score
54.1
Fair
Overall 54.1
Larger but older than most nearby homes
1,123 sqft (top 20%)
Built in 1912 (36 yrs older than avg)
Located in a above-average income area
with median household income of ~80k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 11 dining spots, 1 school, 2 healthcare facilitys, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
18% larger than neighborhood avg.
Year Built
Below average
36 yrs older than neighborhood avg.
Mother tongue
English · 73%Tagalog · 10%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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54.1 is composed by the two sections below.
Property Score
Community Score
King Edward
How to read: Share of sales in each ~$50k price band for “king edward” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110242
$80K
Median household income
$77K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
31%
Single-person households
21%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
227 Marjorie Street — 28 amenities found within 500 m, across 7 categories, including 11 dining (nearest 162 m), 1 education (nearest 380 m), 2 healthcare (nearest 412 m).
King Edward · WPS public data · 2026
Annual incidents
32
2026
vs. city avg
+8%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
47%
Local garbage, recycling, and yard waste pickup schedule for 227 Marjorie Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Top 46% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
227 Marjorie Street is a one-and-a-half storey home in Winnipeg’s King Edward neighbourhood, built in 1912. With 1,123 square feet of living space and a renovated basement, it sits on a 2,410 sqft lot. The home has no garage or pool. Its most recent recorded sale was in July 2023.
Key Characteristics & Appeal
This home presents a specific value proposition centred on space and location within its immediate area. Its living area is notably above average for both Marjorie Street and the wider King Edward neighbourhood, offering more interior room than many comparable homes. This is balanced by a below-average assessed value and a smaller, more manageable lot size. The appeal lies in this combination: you get a relatively spacious, character home (over 110 years old) in an established area, but with property taxes likely reflecting its lower assessment. The renovated basement adds functional living space.
It would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes interior square footage over a large yard or a modern build. It’s for someone who sees the charm and potential in an older home and is comfortable with its age, recognizing that while it ranks low in metrics like year-built and land size compared to the whole city, it holds its own within the local context of King Edward.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessment is based on a mass appraisal system considering factors like location, size, age, and recent sales. As an older, smaller-lot home in its specific area, its value is calibrated against similar nearby properties, not the city-wide average which includes many newer, larger homes on bigger lots.
2. What does "Top 19%" for living area on Marjorie Street mean?
It means this home’s living area is larger than 81% of the 200 reference homes on Marjorie Street. In simpler terms, it’s one of the more spacious homes on its own street.
3. Are there any concerns with a house built in 1912?
While the renovated basement is a positive, the age of the home means potential buyers should pay special attention to the condition of major systems (plumbing, electrical, foundation, roof) which may have been updated over time. A thorough inspection is essential.
4. The home sold recently in 2023. What does the price range indicate?
The provided sold price range is based on public data. The exact price is available upon request. The range suggests market activity fairly close to its assessed value at that time, which can be a useful benchmark for current value.
5. With no garage, what are the parking options?
The listing indicates no garage. Parking would typically be via on-street permit parking. Buyers should verify the specific regulations and availability with the city.
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