Property Overview

This one-and-a-half storey home, built in 1914, sits on a generous 5,780 sqft lot in the King Edward neighbourhood. With 1,282 sqft of living space and a detached garage, it presents a classic Winnipeg character home profile. Its appeal lies in its above-average lot size for the area, offering more outdoor space than most nearby properties, and its living area, which ranks well within the immediate neighbourhood and street. The home has an unrenovated basement. It would suit a buyer looking for a project-in-waiting on a sizable lot, someone who values the potential of the land and the character of an older home over modern finishes. It’s a practical choice for a hands-on owner, an investor eyeing the lot’s potential, or a buyer prioritizing location and lot size who is prepared to update the interior over time.

Key Considerations & FAQs

1. What is the true value based on recent sales?
The home sold in 2021 for an estimated $26.5k-$29.5k, which was around the average for the street at that time. A previous sale in 2020 was significantly lower. The current assessed value is $29.1k. This history suggests a stable, modest value in its immediate context, but it's notably below the city-wide average for assessed values.

2. What does "above average for the area" really mean for the lot size?
While the lot is around average for Queen Street itself, it ranks in the top 7% within the larger King Edward neighbourhood. This means you're getting a more substantial, potentially more private yard than is typical for this specific community, which is a distinct advantage.

3. Is the older year (1914) a concern?
The home is older than most in the city, but is typical for its historic street and neighbourhood. This isn’t unusual for the area and is part of its character. Buyers should budget for expected maintenance and potential updates to older mechanical systems, but the structure has clearly stood the test of time.

4. How does the unrenovated basement affect the home's utility?
It provides ample storage or workshop space as-is. For finished living space, it represents a future project and cost. However, in an older home, an untouched basement can sometimes make it easier to inspect foundational and mechanical elements without finished walls in the way.

5. Who might this property not suit?
It may not be ideal for someone seeking a move-in-ready home with modern, open-concept layouts. Given the age and the mention of an unrenovated basement, it likely requires a vision and tolerance for ongoing projects. It's also not aimed at buyers whose primary goal is rapid appreciation aligned with city-wide averages.