Property Overview
This one-storey home at 409 Queen Street in Winnipeg's King Edward neighbourhood presents a unique profile. Built in 2024, it is a distinctly modern property in an area of much older homes. With 1,109 sqft of living space and an unrenovated basement, it sits on a 3,821 sqft lot. There is no garage or pool. Recent sold price data indicates strong market activity.
Key Characteristics & Appeal
The primary appeal of this property is its new construction. Being built just two years ago, it stands out dramatically within its immediate context—it ranks in the top 1% for year built on its street, in the area, and citywide. This translates to modern building standards, systems, and likely minimal immediate maintenance. The living space is above average for both Queen Street and the King Edward area. Its assessed value is also notably high for the local context, ranking in the top 11%.
However, the perspective is nuanced. The lot size is below average for the street, which may mean less outdoor space than neighbouring properties but also less yard maintenance. The home lacks a garage, a consideration for vehicle storage or workshop space. Its appeal is best suited for a buyer prioritizing modern, move-in-ready construction in an established inner-city neighbourhood, who values low-maintenance living over a large lot or garage. It would not suit a buyer seeking a character home, extensive renovation projects, or significant private outdoor space.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the property's very recent construction (2024). New builds typically have higher assessments due to modern materials, systems, and current construction costs, setting them apart from the area's predominantly older housing stock.
2. What does "basement, not renovated" mean for a 2-year-old house?
For a home this new, it most likely indicates a finished or partially finished basement that was completed by the builder to a basic, functional standard, as opposed to a later, custom renovation. It is unlikely to be an unfinished raw space.
3. The lot seems smaller than others on the street. Is that a concern?
It is a factor to consider. The lot is below the street's average, which may limit expansive landscaping or additions. Conversely, it means less yard upkeep. It's a practical trade-off that aligns with a low-maintenance lifestyle.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sold prices, you must request the exact figures via email from the source. This is a common practice to ensure data accuracy and compliance.
5. Given its modern build, does it fit with the neighbourhood's character?
This is a matter of personal preference. The home offers modern convenience and efficiency in an established area. Some may appreciate the contrast and newness, while others might prefer the traditional character of the surrounding older homes.