259 Queenston Street

Property Overview: 259 Queenston Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,564 sqft home, built in 1945, sits on a 4,630 sqft lot in the established North River Heights neighbourhood. Its key appeal lies in its above-average assessed value, which signals a property that has been well-maintained or upgraded relative to its peers. While the living space is typical for the street and area, it ranks notably higher city-wide, suggesting a more substantial home compared to the Winnipeg average. The lot size is consistent with the local norm, offering standard outdoor space for the neighbourhood.

The property’s primary draw is its strong standing in terms of value. With an assessed value ranking in the top 14% on its street and top 12% in North River Heights, it presents as a premium offering within its immediate context. This appeals to buyers seeking a move-in-ready home in a mature area without the need for major immediate investment. It would suit professionals or small families looking for character, stability, and a sound investment in a central Winnipeg neighbourhood. A thoughtful perspective is that while the home is older, its high relative valuation may reflect important modernizations, making it a prudent choice for those who want vintage charm without the burden of outdated systems.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value actually indicate?
It indicates that the municipal property assessment is significantly higher than most comparable homes on the street, in the area, and across Winnipeg. This typically reflects factors like renovations, additions, or superior condition that have been formally recognized.

2. How does the 1945 build year affect the property?
While older than the city-wide average, the home is actually slightly newer than many in North River Heights. This vintage suggests classic construction but necessitates a thorough inspection of foundational elements, wiring, and plumbing to understand any upcoming maintenance.

3. Is the lot size a limitation?
At 4,630 sqft, the lot is standard for North River Heights. It provides adequate yard space for gardening or recreation but is not an unusually large parcel. Buyers seeking extensive outdoor space might find it average.

4. The home sold in 2016 for between $450k-$500k. Why is the assessed value now $613k?
The assessed value is for taxation purposes and is based on a mass appraisal system comparing market trends and property characteristics. It is not a direct market valuation. The increase since 2016 likely reflects overall market appreciation and any improvements made to the property.

5. How reliable is the sold price data shown?
The provided sold price is a range from publicly available data, not from the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as detailed in the data notes.