Property Summary: 275 Queenston Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 275 Queenston Street in North River Heights presents a compelling mix of established character and above-average valuation. Built in 1931, it is one of the older homes on its street, offering the classic charm and potential for original architectural details found in pre-war construction. With 1,312 sqft of living space, the home is moderately sized, sitting comfortably within the average range for the city but slightly more compact compared to its immediate neighbourhood peers.
The property’s primary appeal lies in its strong assessed value of $515,000, which ranks within the top 30% on its street and top 17% city-wide. This suggests the home is perceived as a premium asset relative to many others, likely due to factors like location, condition, or improvements not detailed in the raw metrics. The lot, at 4,307 sqft, is smaller than most in North River Heights but is close to the city-wide average, offering a manageable outdoor space.
This home would suit a buyer looking for an established neighbourhood with a proven record of value appreciation, as indicated by its significant increase in sold price between 2016 and 2022. It’s ideal for someone who values character over brand-new construction and prefers a home with a footprint that is easier to maintain. A thoughtful perspective for buyers is to consider that the above-average assessment, while a sign of strength, also sets a higher baseline for property taxes. The home’s smaller lot and living area relative to the neighbourhood mean you are paying a premium for the location and the intrinsic value the assessor sees in the property itself.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to the living area and lot size?
The assessed value is based on many factors beyond square footage, including location, building quality, interior finishes, updates, and market conditions. Its ranking in the top 17% city-wide indicates that assessors attribute significant value to the property, possibly due to renovations, desirable architectural features, or its specific position within a sought-after area.
2. What does the sold price history tell us?
The home sold in 2016 for an estimated $300k-$350k and again in 2022 for $550k-$600k. This sharp increase shows strong historical appreciation. The 2022 sale price placed it in the top 10% of city-wide sale values for that period, reinforcing its premium market position.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. The lot is below average for North River Heights, meaning less private outdoor space than many neighbours. However, it is near the city-wide average and translates to less yard maintenance. The value has clearly not been negatively impacted by this factor.
4. As a 1931 home, what should I be prepared for?
Homes of this age often have character but may require updates to mechanical systems (like plumbing or electrical), insulation, or windows. A thorough inspection is essential. Its older vintage is typical for the street and area, contributing to the neighbourhood's established feel.
5. How can I get the exact past sold prices?
The site provides sold price ranges publicly. Due to industry regulations, exact MLS sold figures are not displayed online here. You can request the exact historical sold prices by emailing the site directly; they will provide the figures manually at no cost.