172 Queenston Street

Property Overview: 172 Queenston Street, Winnipeg

Key Characteristics & Appeal

This home at 172 Queenston Street in North River Heights is a character property with strong, grounded metrics. Built in 1927, it offers 1,409 sqft of living space on a 4,319 sqft lot. Its assessed value of $474k sits above the Winnipeg city-wide average, indicating a solid valuation in a broader context.

The appeal lies in its established neighbourhood setting and its relative value. While the home is older and slightly smaller than many on its own street, it represents a more affordable entry point into a desirable area. Its city-wide value ranking (top 24%) suggests you are acquiring an above-average asset for Winnipeg, just in a neighbourhood where it sits around the average. This dynamic can be attractive for a buyer seeking character and location over maximum square footage.

This property would suit a buyer who appreciates older homes and is prepared for the maintenance that comes with a near-century-old structure. It’s ideal for a smaller household or a first-time buyer looking to establish themselves in North River Heights without the premium price tag of a larger, fully renovated home. It’s a practical choice for someone prioritizing lot location and community over a modern, move-in-ready footprint.

Frequently Asked Questions

1. How does this home’s value compare to its recent sale price?
The home sold in May 2023 for between $450k and $500k. Its current assessed value of $474k falls squarely within that range, suggesting a stable and consistent market valuation over the past two years.

2. Is the lot size a disadvantage?
The lot is below average for North River Heights but is around the city-wide average. It provides a manageable yard space typical of many urban properties. For buyers seeking lower maintenance, this can be a benefit rather than a drawback.

3. What should I consider with a home built in 1927?
While offering charm, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the foundation, plumbing, electrical systems, and roof. Budgeting for updates and maintenance should be part of your planning.

4. The living area is smaller than the street average. How does the layout feel?
At 1,409 sqft, the home is functionally sized but not expansive. It’s important to view the property in person to assess if the room sizes and layout match your needs, as older homes can sometimes have more compartmentalized spaces compared to modern open concepts.

5. How can I get the exact historical sale prices for this property?
The exact sold prices are not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly. They will provide a manual lookup and send the information to you.