Property Overview
352 Queenston Street is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1931, it offers a generous 1,824 sqft of living space on a 4,308 sqft lot, with a current assessed value of $460,000.
Key Characteristics & Appeal
This home’s primary appeal lies in its spacious interior, which is notably larger than most comparable homes in Winnipeg. The living area ranks within the top 25% for both the neighbourhood and the wider city, offering more room than many modern builds. While the 1931 construction date means it is older than many homes on its street, it is typical for the established North River Heights area, suggesting a character home possibly with classic architectural details.
The assessed value presents an interesting perspective. It is around the average for its immediate area and street, but ranks above average city-wide. This indicates you are getting a home with more space than the Winnipeg average, at a value that is competitive within a desirable, mature neighbourhood. The lot size is smaller than most on the street, which could mean lower maintenance, but may limit expansion potential.
This property would suit a buyer looking for the space and character of an older home in a central, tree-lined neighbourhood, without a premium price tag relative to the area. It’s a practical choice for someone who prioritizes interior square footage over a large yard or a newer build, and who appreciates a home that offers good value within the broader city market.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1931, the home is older than many on its block. While this can mean charming character, it also suggests potential considerations like older mechanical systems, wiring, or plumbing that may need updating or inspection.
2. The lot seems smaller than others on the street. Is that a disadvantage?
At 4,308 sqft, the lot is below the average for Queenston Street. This typically means less outdoor maintenance and a smaller yard, which could be a positive for some. However, it may also limit possibilities for additions or extensive landscaping compared to neighbours.
3. The assessed value is $460k, but it sold for an estimated $500k-$550k in 2021. Why the difference?
Assessed value is for municipal tax purposes and often lags behind the current market. The 2021 sale price is likely a better indicator of its actual market value at that time, and suggests the home may command a price above its assessment.
4. Is the living space configuration modern or traditional for a 1930s home?
While the listing confirms the square footage, the layout is not described. Homes from this era often have more compartmentalized rooms rather than open-concept living. Prospective buyers should consider if the interior flow meets their needs.
5. How does this property’s value hold up across different areas?
The data shows a key insight: this home’s value is average for North River Heights, but above average city-wide. This suggests you are buying into a stable, established neighbourhood where the property is competitively priced among its peers, while still getting more home for your money compared to many other parts of Winnipeg.