Property Summary: 418 Queen Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Queen Street in the King Edward neighbourhood presents a compelling mix of modest living space and significant land potential. Its primary appeal lies in its exceptionally large lot—over 7,700 square feet—which ranks in the top 3% for the street and top 1% for the wider neighbourhood. This offers rare potential for expansion, gardening, or outdoor living in a city context. The house itself, built in 1951, is around average for its immediate area in terms of living space (just over 1,000 sq ft) and assessed value, and features a renovated basement and a detached garage.
The property suits practical buyers who see value in land over sheer interior size. It’s ideal for someone looking for a solid starter home with clear renovation or expansion potential, or for a buyer who prioritizes a large, private outdoor space. Its assessed value is significantly below the citywide average, suggesting a more accessible entry point into the market, particularly for a lot of this size. The recent basement renovation adds move-in readiness, while the overall profile suggests a property where the underlying land is the standout asset.
Frequently Asked Questions
1. What is the most notable feature of this property?
The most significant feature is the land size. At 7,767 sq ft, the lot is substantially larger than most in Winnipeg and is a rarity within the King Edward neighbourhood, offering uncommon potential.
2. How does the house compare to others in the area?
The living space and assessed value are generally around the average for Queen Street and the King Edward area. However, the lot size is elite for the neighbourhood, and the home is newer than many on the street.
3. What type of buyer would this home suit best?
It best suits a buyer with a vision for utilizing outdoor space or future expansion. It’s a strong fit for a first-time buyer or downsizer who values a large yard over a large house, or for an investor/renovator who sees the potential in the land asset.
4. Has the property been updated recently?
The listing indicates the basement has been renovated. The full scope of updates to the main living area is not detailed in the provided data and would require further inquiry.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in this summary. According to the source page, you can request the precise figures by email, which they provide manually without using your email for unsolicited marketing.