Property Overview: 250 Queenston Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 250 Queenston Street is a 1,136 sqft character property built in 1924, situated on a 4,319 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in offering a more accessible entry point into a desirable area. With an assessed value of $355k, it sits significantly below the average for both its street and neighbourhood, presenting a value-oriented opportunity. The home’s living space is compact compared to nearby houses, which may appeal to those seeking a simpler, lower-maintenance footprint without sacrificing location. The lot size is fairly typical for the immediate street, offering balanced outdoor space.
This property would best suit a practical buyer—perhaps a first-time homeowner, downsizer, or value-focused investor—who prioritizes neighbourhood over sheer square footage. It’s for someone comfortable with the character and potential updates that come with a century-old home and who sees the below-average assessment not as a drawback, but as a chance to gain a foothold in a prime area. A thoughtful perspective is that its modest size and value could allow new owners to invest in thoughtful renovations or landscaping to personalize the space, potentially without overcapitalizing for the area.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $355k is a municipal figure for tax purposes. Notably, it's well below the local averages on Queenston Street ($494k) and in North River Heights ($479k), but closer to the Winnipeg-wide average (~$390k). Market conditions, property condition, and demand will ultimately determine the sale price.
2. How does the size of this home compare to others nearby?
At 1,136 sqft, the living area is smaller than most comparable homes on its street and in North River Heights. This contributes to its lower assessed value and may mean efficient use of space is a priority.
3. What should I consider with a home built in 1924?
As a 102-year-old home, it offers classic character but warrants a thorough inspection. Potential buyers should budget for maintenance or updates typical of older homes, such as plumbing, electrical, or insulation, while appreciating the enduring construction and charm of the era.
4. How does the previous sale price inform its current value?
Records show it sold between $350k-$400k in late 2020. This provides a historical benchmark, but the current market value will be influenced by changes in the market, any improvements made since then, and current interest rates.
5. Where can I get verified sale price data for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the information.