Property Overview
This one-storey home on Queenston Street in Central River Heights is a property defined by its context. Built in 1961, it is notably newer than most homes in this established neighbourhood, offering potential advantages in building materials and systems. The living space of 1,272 sq ft is practical and in line with city-wide averages. A key feature is the renovated basement, which adds functional space. The lot size of 4,255 sq ft is smaller than most in the immediate area but is balanced by the presence of a detached garage. The home’s appeal lies in its move-in-ready condition with a modernized lower level, set on a manageable lot within a highly sought-after, mature community. It would suit first-time buyers or downsizers seeking the convenience and prestige of River Heights without the upkeep of a much larger property or an older structure.
Frequently Asked Questions
How does the lot size compare?
The land area is below average for both Queenston Street and Central River Heights, but is close to the average size across Winnipeg. This means outdoor maintenance is relatively manageable while still providing private yard space.
Is a 1961 build date considered old for this area?
Quite the opposite. With most neighbourhood homes dating to the late 1940s and early 1950s, this 1961 build is in the top 2% for being newer in Central River Heights. This can be a significant plus for foundational integrity and major systems.
What does the sale history indicate?
The property sold for $46,500 in 2022 and previously for $360,000 in 2016. This stark difference strongly suggests the 2022 sale was not a standard market transaction (such as a transfer between family members). The 2016 price is more indicative of its market value.
How does the assessed value relate to market value?
The assessed value for taxation purposes is $46,100, which is not a reflection of current market value. It is an administrative figure used for calculating property taxes and should not be used as a guide for listing or offer prices.
Who might this property not suit?
Buyers prioritizing expansive living space or a very large yard typical of the neighbourhood may find it compact. It’s best for those who value location and a renovated basement over sheer square footage.