Property Summary: 341 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, situated on a notably generous lot in the King Edward neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land area that is well above average for the immediate area, offering potential for expansion, gardening, or outdoor living. The living space (944 sq ft) is modest but typical for similar homes on Queen Street.
The home suits practical, value-oriented buyers. It’s a fit for a first-time buyer seeking an entry point into the market with a solid lot to build equity, or an investor looking for a character property with a renovated basement suite potential (subject to verification). Its below-average assessed value across all metrics suggests a lower property tax burden, which is a key financial consideration. A thoughtful perspective is that while the house itself is older and smaller than city averages, it represents a land-play in a mature neighbourhood—the value here is more in what could be than in what currently is.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
It indicates the city's assessed value for this property is lower than most comparable homes. This typically translates to lower municipal property taxes, which is a positive for ongoing ownership costs.
2. How significant is the lot size?
At over 5,700 sq ft, the lot is in the top 7% for the King Edward area. This is a standout feature, providing more private outdoor space than most neighbours and potential for future additions, like a garage or extension, subject to zoning.
3. The home is older. What should I consider?
Built in 1910, the core structure is over a century old. While the basement is noted as renovated, a thorough inspection for foundational integrity, wiring, plumbing, and insulation is essential to understand any needed updates or maintenance costs.
4. The last recorded sale was between 2016-2017. Why is the price a range?
The exact sale price is not publicly disclosed in Manitoba. The range is an estimate based on available data. You can request the exact price from the listing service via email, as noted on the detail page.
5. There's no garage. Is adding one feasible?
Given the ample lot size, adding a garage or carport is physically possible. You would need to investigate City of Winnipeg zoning bylaws, setback requirements, and obtain the necessary permits before proceeding.