Property Overview: 484 Queenston Street, Winnipeg
Key Characteristics & Appeal
This 1,148 sqft bungalow, built in 1948, sits on a 4,309 sqft lot in North River Heights. Its core appeal lies in offering solid entry-point value into a desirable, established neighbourhood. The assessed value of $388k is notably below the local area average, presenting a relative affordability within the community. While the living space is more compact than many homes on the street, it aligns closer to the city-wide average, suggesting a practical, manageable footprint.
The property suits first-time buyers seeking neighbourhood prestige over square footage, or downsizers looking to maintain a ground-level lifestyle in a mature area without the upkeep of a larger property. A thoughtful perspective is its potential as a strategic hold; acquiring a home below the area's assessed value average in a stable neighbourhood can be a prudent long-term foundation, even if immediate renovations are considered. The lot size, while not oversized for the area, provides typical city yard space and is consistent with many nearby properties.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for both Queenston Street and the broader North River Heights area, but aligns closely with the city-wide average. This indicates you are paying a premium for the location, but a reduced one compared to most homes immediately around it.
2. Is the living space significantly smaller than other homes nearby?
Yes. At 1,148 sqft, it ranks in the bottom quarter for living area on its street and in North River Heights. It is more comparable to an average Winnipeg home, making it a cozier option within this specific neighbourhood.
3. What does the sold price range tell us?
The reported sold price range (CA$400k–450k) placed it in the top half of sales on its street but in the lower half city-wide at the time. This reinforces the pattern: it likely sold for a price that reflects its desirable address, while its size and features moderated the final cost relative to pricier area sales.
4. Is the year of construction a concern?
Built in 1948, the home is of a typical vintage for the core of North River Heights. Its construction year is actually newer than many in the immediate area, so major systems like wiring or plumbing may have seen updates over time, which should be verified during an inspection.
5. How can I get the exact sold price?
The exact sale price is not publicly displayed due to industry regulations. You can request the verified transaction history directly via the email option provided on the listing page, and the service will manually send you the figures.