447 Marjorie Street

King Edward, Winnipeg

Property score

72.1

Good

Overall 72.1 · Larger and newer than most nearby homes

1,535 sqft (top 3%) · Built in 2023 (75 yrs newer than avg)

Located in a above-average income area with median household income of ~75k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 5 parks nearby

Living Area

Above average

61% larger than neighborhood avg.

Year Built

Above average

75 yrs newer than neighborhood avg.

Mother tongue

English · 76%Tagalog · 9%

Past 10 years King Edward sales snapshot (~80% of all data)

Sold Count

1,128

Median price

356.6k

$/sqft

$349/sqft

Avg build year

1948

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Property score

72.1 is composed by the two sections below.

Property Score

73.7Good
Living Area1,535 sqft79Good
Year Built2023100Excellent
Lot Size2,327 sqft18Low
Neighbourhood Sales Activity71Good

Community Score

69.8Good
Household Income75Good
Education Level63Fair
Housing Stress74Good
Core Housing Need63Fair
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110238

Community deep dive

$75K

Median household income

$87K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

30%

Single-person households

22%

Families with children

Population, labour & age

Population (2021)475
Labour force participation rate57%
Median age38.8
Avg household size2.4
Unemployment rate6%
Population density818 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households30%
Couple families with children22%
Median household income (2020)$75K

Housing

Renter households28%
Condominium dwellings0%
Median dwelling value (owners)$264K

Diversity, education & language

Immigrants (share of pop.)29%
Visible minority38%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 75%
Mother tongue (2nd)Tagalog · 9%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
1,535 sqft
0255075100
Same streetTop 2%Same areaTop 3%CitywideTop 29%
Same street · Marjorie Street
#3 / 200
Top 2% · Avg 947 sqft
Same area · King Edward
#64 / 2,385
Top 3% · Avg 952 sqft
Citywide · Winnipeg
#55,452 / 194,458
Top 29% · Avg 1,342 sqft

Tax-Assessed Value

Elite
495k
0255075100
Same streetTop 1%Same areaTop 1%CitywideTop 21%
Same street · Marjorie Street
#2 / 200
Top 1% · Avg 266.5k
Same area · King Edward
#24 / 2,385
Top 1% · Avg 258.2k
Citywide · Winnipeg
#40,024 / 194,458
Top 21% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetTop 1%Same areaTop 1%CitywideTop 1%

Lot Size

below average
2,327 sqft
0255075100
Same streetBottom 8%Same areaBottom 3%CitywideBottom 2%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

447 Marjorie Street — 8 amenities found within 500 m, across 4 categories, including 1 dining (nearest 439 m), 1 education (nearest 110 m), 1 healthcare (nearest 485 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare1
🌳Parks5

Crime & Safety

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%

Sales History

Sold 5/2024CA$500k–550k
Sold price

Same street

Top 1%

Same area

Top 1%

City-wide

Top 11%

Related homes

Highlights & common questions: 447 Marjorie Street, Winnipeg

Property Overview

This 2023-built, two-storey home on Marjorie Street offers a modern, low-maintenance living experience in Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a nearly new construction with a fully renovated basement, providing immediate comfort without the typical concerns of older homes. With 1,535 sqft of living space on a 2,327 sqft lot, it ranks in the top tier of the local area for both size and newness. The data suggests it suits first-time buyers or downsizers seeking a modern, move-in-ready property in a central location, as well as value-conscious investors attracted by its new condition and strong assessed value relative to nearby older, smaller homes. A thoughtful perspective is its positioning within a streetscape of predominantly century-old properties, offering a distinct, contemporary lifestyle while still contributing to an established community feel.

Frequently Asked Questions

1. How does this home’s value compare to others in the area?
The home’s assessed value and recent sale price are significantly higher than most neighbouring properties, which are largely older and smaller. This reflects its status as a modern build with more space and updated features.

2. Is there potential for future value growth?
As one of the newest homes in a neighbourhood with many heritage-era properties, it may appeal to a specific market segment seeking modern amenities. Its growth will be influenced by broader market trends and how the mix of old and new properties in the area evolves.

3. What are the implications of having no garage?
Buyers should consider their need for vehicle storage and factor in the cost of adding a shed or exploring on-street parking permits, which is common in the area. The trade-off is a larger living area and yard for the lot size.

4. The home sold very recently. Why is it back on the market?
While the specific reason isn’t provided, the recent 2024 sale could be due to various common life events (relocation, change in plans) rather than a property-specific issue, especially given its new condition. A title search and disclosure review would provide clarity.

5. How does the renovated basement affect living space and value?
The finished basement adds functional square footage beyond the main living area, which is a key advantage over comparable newer builds. It provides flexibility for recreation, home office, or guest space, contributing to the home’s overall utility and assessed value.

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