Property Overview: 381 Queen Street, Winnipeg
Key Characteristics & Appeal
This two-storey home at 381 Queen Street in the King Edward neighbourhood presents a compelling mix of modern convenience and established community. Built in 2013, it is a notably newer construction compared to most homes on its street and in Winnipeg overall, suggesting contemporary building standards and less immediate need for major updates. The 1,432 sqft living area is spacious, ranking in the top 6% on Queen Street, and features a renovated basement, adding valuable finished space.
Its primary appeal lies in its efficiency and above-average positioning within its immediate context. While the land size is modest for the street, this often translates to lower maintenance. The home’s assessed value ranks in the elite top 5% for the King Edward area, indicating it is perceived as a premium property within a desirable locale. The detached garage adds practical utility.
This property would suit buyers seeking a move-in-ready, modern home in a mature neighbourhood without the typical upkeep of a century-old house. It’s ideal for professionals or small families who value interior space and modern amenities over a large yard. The strong assessed value also suggests it appeals to those viewing a home as a long-term investment in a stable community.
Frequently Asked Questions
1. How does the home’s modern build (2013) impact utility and maintenance costs?
As a newer build, systems like plumbing, electrical, and insulation are likely more efficient than in older neighbourhood homes, potentially leading to lower utility bills and deferred maintenance costs in the near term.
2. The land size is noted as below average for the street. Is the yard still functional?
At 3,822 sqft, the lot is near the city average. It provides adequate private outdoor space for gardening or recreation but aligns with a lower-maintenance lifestyle compared to larger, more demanding lots on the block.
3. The assessed value is in the top 5% for King Edward. What does this mean for property taxes?
A higher assessed value typically results in higher property taxes. Buyers should budget accordingly, weighing this against the benefits of owning a premium, modern asset in the neighbourhood.
4. What is the significance of having a renovated basement?
Beyond adding liveable square footage, a renovated basement can offer flexible space for a home office, guest suite, or recreational room, enhancing the home’s functionality and day-to-day livability.
5. The home last sold in late 2020. How stable has its value been?
The sold price range from 2020, compared to its current elite assessed value, suggests the property has maintained or increased its market value in a stable manner through recent years, a positive indicator of the area’s resilience.