Property Overview: 517 Marsden Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 948 sqft bungalow, built in 1959, sits on a notably generous 5,824 sqft lot in the Munroe East neighbourhood. Its key appeal lies in a balanced profile that offers both space and value. While the living area is modest compared to the city-wide average, the property stands out for its above-average lot size within the local area, presenting excellent potential for gardening, expansion, or outdoor living. The home’s assessed value ranks well above average for its specific street, suggesting it is perceived as a solid asset in its immediate context.

This property would suit first-time buyers or downsizers looking for a manageable home with a low-maintenance footprint, but who still value private outdoor space. It’s also a practical candidate for investors or handy homeowners who see potential in the sizable lot, whether for future upgrades, a suite, or simply enjoying a larger-than-typical yard in a mature neighbourhood. The data indicates you’re purchasing a home that is well-regarded on its block, with the land itself being a significant and less obvious asset.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 948 sqft, the living area is slightly below the average for Winnipeg, but is very typical for both Munroe East and Marsden Street itself. It represents a efficient, cozy layout common to bungalows of its era.

2. What does the assessed value tell me?
The $310k assessment is above average for Marsden Street (ranking 7th out of 26 homes). This indicates that for its immediate vicinity, the property is considered one of the higher-value homes, which can be a positive signal for its condition or features relative to neighbours.

3. Is the lot size a significant feature?
Yes. The 5,824 sqft lot is larger than approximately 85% of lots in the Munroe East area. This is a key advantage, offering more privacy, green space, and potential than most comparable properties in the neighbourhood.

4. When was it last sold and for how much?
The home sold between 2021-2025 for an estimated price between CA$250k and $300k. For the exact sale price and date, you can request the information via email from the listing service.

5. How can I see more context about the neighbourhood?
You can open the dedicated neighbourhood analysis page linked on the listing to view this property on a map alongside nearby homes, comparing details like year built, lot size, and assessed value directly.