Property Overview: 688 Queenston Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1952 one-storey home in Central River Heights sits on a standard city lot (4,309 sqft) and offers 1,050 sqft of living space. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The home recently sold for $430,000.
The primary appeal lies in its location within the desirable Central River Heights neighbourhood, combined with a move-in ready foundation due to the basement renovation. The property represents a more accessible entry point into the area, as its living space and assessed value are below the neighbourhood averages. This creates an opportunity for buyers who prioritize location over sheer house size. The detached garage is a practical asset in this mature community.
This home would suit first-time buyers or downsizers seeking established community charm, walkable amenities, and a solid neighbourhood without requiring a full top-to-bottom renovation. It’s a pragmatic choice for those who value the neighbourhood character of River Heights and need a functional, updated space to build upon.
Section 2: Frequently Asked Questions
1. How does the sale price relate to the assessed value?
The sale price of $430,000 is significantly higher than the listed assessed value of $36,800. This is common, as municipal assessed values for tax purposes often lag behind current market values, which are determined by recent sales of comparable homes.
2. Is the living space sufficient for a small family?
At 1,050 sqft above grade, the living space is compact. However, the renovated basement effectively doubles the usable square footage, creating potential for additional bedrooms, a family room, or a home office, making it viable for a small or growing family.
3. What does the "below average" ranking for the neighbourhood mean?
The rankings show that for Central River Heights, this home’s living area and assessed value fall in the lower tiers compared to its immediate peers. This isn’t necessarily negative; it indicates the home is one of the more modestly sized and priced properties in a sought-after area, potentially offering better value per location.
4. What are the implications of a 1952 build date?
Built in 1952, the home is of average age for the street and neighbourhood. Buyers should expect the character and potential maintenance points of a mid-century home, balanced by the possibility of mature trees and established landscaping not found in newer subdivisions.
5. How does the detached garage affect property use?
A detached garage provides secure parking and storage but requires going outdoors to access the house. This can be less convenient in winter but offers flexibility for use as a workshop or project space without concerns about noise or fumes entering the main living area.