Property Overview: 406 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a practical opportunity, particularly for a specific type of buyer. Built in 1918, its 944 sqft of living space is modest but in line with the neighborhood average. A key feature is the renovated basement, adding functional space. The standout characteristic is the land: at 5,517 sqft, the lot size is significantly above average for the King Edward area, offering rare outdoor space and potential.
The appeal lies in its balance of a central location, a generous lot, and updated essentials within a manageable footprint. It suits a first-time homebuyer, a downsizer, or an investor looking for a character home with a solid lot size in an established neighborhood. It’s not a large or modern home, but it offers a grounded entry point into the market. A thoughtful perspective is that while the home's size is average for its immediate street and area, its lot is a relative luxury locally, providing a private outdoor oasis not commonly found on the block. The recent sale in mid-2024 also suggests a refreshed and move-in-ready condition.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 944 sqft, the living area is very typical for homes on Queen Street and in the wider King Edward neighborhood. It is, however, notably smaller than the Winnipeg city-wide average for homes.
2. What is significant about the property’s lot?
The 5,517 sqft lot is a major asset. It ranks in the top 8% for size within the King Edward area, meaning it offers substantially more yard space than most nearby properties.
3. Is the home older than most?
Yes. Built in 1918, it is older than the typical Winnipeg home. However, within its own King Edward neighborhood, its age is quite average, reflecting the area's established character.
4. What does the assessed value indicate?
The assessed value of $28,100 is around the average for both Queen Street and the King Edward area. This suggests the property is valued in line with its local market context.
5. The home sold recently. What does that mean for a buyer?
The property sold in July 2024. This typically indicates it is likely in move-in condition with any major issues addressed prior to that sale, providing a level of confidence in its immediate livability.