252 Queenston Street

Property Summary: 252 Queenston Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 252 Queenston Street is a classic 1928 residence in the established North River Heights neighbourhood. With 1,494 sqft of living space and a 4,319 sqft lot, its size is comfortably average for both the street and the broader area, offering practical space without being oversized. A key characteristic is its assessed value of $403k, which sits notably below the average for both Queenston Street and North River Heights. This suggests a potential value position within a desirable area, possibly due to its older vintage or a need for modernization compared to neighbours.

The appeal lies in securing a character home in a prime location at a relatively accessible entry point for the neighbourhood. It suits buyers who value location and lot size over turn-key perfection, such as renovators looking for a solid foundation in a great area, or value-conscious buyers prioritizing community over a newer build. A thoughtful perspective is that its "below average" valuation for the street could represent a chance to add value through updates, while its city-wide "around average" valuation indicates it's a fairly typical Winnipeg home price-wise, just in an above-average neighbourhood.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value ($403k) is for municipal tax purposes. The fact it's below area averages hints at potential value, but the market will determine the final price based on condition, updates, and demand.

2. How does the home's age (built 1928) factor in?
It places the home among the older on the street. This often means character architecture and mature landscaping, but buyers should budget for potential updates to older mechanical systems, windows, or insulation. A pre-purchase inspection is essential.

3. The home last sold in early 2017. What can that tell me?
The sold price range from 2017 (CA$350k-400k) provides a historical benchmark, but market conditions have likely changed significantly. Requesting the exact sold price history can help track its value progression.

4. The lot size is noted as "below average" for North River Heights. Is that a concern?
At 4,319 sqft, the lot is still a generous size by city-wide standards. While some lots in the area are larger, this remains a substantial urban parcel with ample room for gardens, play, or additions, and is actually around average for Queenston Street itself.

5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance home without renovation projects. Similarly, those who prioritize having the newest or largest home on the block might find the "below average" metrics for value and year built on the street less appealing.