53.7
Fair
Property score
53.7
Fair
Overall 53.7
Larger than most nearby homes
1,055 sqft (top 27%)
Built in 1919 (29 yrs older than avg)
Located in a above-average income area
with median household income of ~80k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 8 dining spots, 1 healthcare facility, 3 shops, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Near average
29 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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53.7 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
281 Marjorie Street — 23 amenities found within 500 m, across 6 categories, including 8 dining (nearest 244 m), 1 healthcare (nearest 189 m), 3 shopping (nearest 349 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 281 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 | Bottom 26% | Bottom 29% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 281 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward, no-frills opportunity in Winnipeg's King Edward neighborhood. Built in 1919, its 1,055 sqft living area is notably above average for both the immediate street and the broader area, offering more interior space than many comparable local homes. A key characteristic is its very low municipal assessed value, which sits significantly below city-wide averages. The home has a basement but it is not renovated, and the property features no garage or pool.
The primary appeal lies in its value proposition as a blank canvas. It suits a specific type of buyer: those seeking an affordable entry into homeownership who are prepared for a project, or an investor looking for a rental property with foundational space. Its above-average interior square footage for the area is a relative strength, suggesting potential for reconfiguration or updates. A less obvious perspective is that the low assessment, while indicating a need for modernization, could also represent a lower property tax burden relative to the usable space provided, which is a practical long-term advantage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This typically reflects the home's age, its unrenovated condition (including the basement), and the value of homes in its immediate area. It indicates a property that has not been recently updated and is assessed based on its current state, not potential.
2. What does "above average" living area mean for this home?
While the home is older and unrenovated, it offers more interior space (1,055 sqft) than most similar homes on Marjorie Street and in the King Edward area. This means you're getting a relatively spacious layout for the neighborhood, which could be a benefit for living now or in future renovation plans.
3. Who would this property be most suitable for?
It is best suited for a handy first-time buyer comfortable with gradual improvements, or an investor seeking a rental property with a lower initial entry cost. It is less suitable for those seeking a move-in-ready home without any project work.
4. The home sold in 2020. What can that price tell me?
The past sale price gives a historical benchmark, but market conditions have likely changed. The range provided ($18.5k - $21.5k) being close to the current assessed value suggests a consistent valuation pattern for the property's condition.
5. Are there any major red flags from this data?
The data explicitly flags an unrenovated basement, no garage, and an age that will require diligent maintenance and likely updates to major systems. The low assessment relative to the city confirms this is a fixer-upper, not a turn-key property.
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