348 Queenston Street

Property Overview: 348 Queenston Street, Winnipeg

Key Characteristics & Appeal

This home at 348 Queenston Street in North River Heights presents a specific and compelling value proposition. Built in 1931, it is a character home with a smaller living footprint of 976 sqft, which is notably below average for both the street and the neighborhood. This is balanced by a decently sized city-average lot of just over 4,300 sqft. The assessed value of $442k sits around the middle for the immediate area but is above the Winnipeg city-wide average, highlighting the desirability of the North River Heights location.

The primary appeal lies in securing a property in a well-regarded, established neighborhood without the premium price tag of a larger, modernized home. It suits buyers seeking an entry point into the area—such as first-time homeowners, downsizers, or investors—who are comfortable with a home that may require updates. A thoughtful perspective is that the smaller interior space, while a compromise, could mean lower utility costs and less maintenance, aligning with a simpler, more efficient lifestyle. The lot size also offers potential for future expansion or garden space, which is a valuable asset in this community.

Frequently Asked Questions

1. How does the home’s size compare to others in the area?
The living area is 976 sqft, which is below average for Queenston Street and the broader North River Heights neighborhood. It is positioned within the smaller tier of homes locally, which is reflected in its pricing.

2. Is the assessed value in line with the selling price?
The property last sold between $450k-$500k in July 2021. Its current assessed value is $442k, which is around the neighborhood average. This suggests the assessment is generally aligned with recent market activity on the street.

3. What are the implications of the home being built in 1931?
As a home from 1931, it is older than most on its street and in the city. Buyers should budget for potential updates to older mechanical systems, windows, or insulation. A positive inspection is especially important for a home of this age.

4. How does the lot size compare?
The lot is 4,307 sqft. It is smaller than most on Queenston Street but is close to the average lot size for the entire City of Winnipeg. This provides a decent outdoor space relative to the home's footprint.

5. How can I get the exact historical sold price?
The public data shows a sold price range. To obtain the exact sale figure from 2021, you can request a manual lookup by email via the link provided on the property details page.