| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1972 （54 years ago） | Top 51%54/105 Avg1975 Top 51%54/105 Avg1975 Top 78%20927/26841 Avg1990 303-261 Queen Street: For Year Built. On Queen Street, around average — Top 51%, rank 54 of 105, and comparable homes in that group average about 1975. in King Edward, around average — Top 51%, rank 54 of 105, and comparable homes in that group average about 1975. citywide, below average — Top 78%, rank 20927 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 884 sqft | Top 13%14/105 Avg783 sqft Top 13%14/105 Avg783 sqft Top 65%17459/26841 Avg1,042 sqft 303-261 Queen Street: For Living Area. On Queen Street, above average — Top 13%, rank 14 of 105, and comparable homes in that group average about 783 sqft. in King Edward, above average — Top 13%, rank 14 of 105, and comparable homes in that group average about 783 sqft. citywide, around average — Top 65%, rank 17459 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 15.40k | Top 54%57/105 Avg15.10k Top 54%57/105 Avg15.10k Top 84%22664/26841 Avg25.60k 303-261 Queen Street: For Assessed Value. On Queen Street, around average — Top 54%, rank 57 of 105, and comparable homes in that group average about 15.10k. in King Edward, around average — Top 54%, rank 57 of 105, and comparable homes in that group average about 15.10k. citywide, below average — Top 84%, rank 22664 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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Property Overview & Key Characteristics
This unit at 303-261 Queen Street is a compact, 884 sqft condo in Winnipeg's King Edward neighbourhood. Its most defining feature is its exceptionally low property tax burden, as reflected in the municipal assessed value of $15,400. This places it in the top 5% of Winnipeg for low assessments, making it a standout for cost-conscious ownership. The building itself, constructed in 1972, is middle-aged for the area.
The appeal lies in financial efficiency and location. It suits first-time buyers seeking an affordable entry into the market, investors looking for a low-carry-cost rental unit, or downsizers prioritizing predictable monthly expenses over space. A less obvious perspective is its potential as a "home base" for those who travel frequently or value disposable income for other pursuits, as the low fixed costs provide significant budgetary flexibility. While it lacks amenities like a garage or pool, its ranking in the top 1% of its street for location suggests a desirable spot within the community.
Frequently Asked Questions
1. What does the assessed value really mean for my costs?
The assessed value is used to calculate your annual property taxes. With an assessment of $15,400, your municipal property taxes will be substantially lower than most other properties in the city, representing significant ongoing savings.
2. Is the low assessment a concern for the property's condition?
Not necessarily. Assessments are for taxation, not market valuation. While it may indicate the unit is more modest in finish or size compared to newer builds, the provided comparable listings show a wide range of assessments in the area regardless of age or size. A professional inspection is always recommended.
3. Who is responsible for the building's exterior and major repairs?
As a condo unit, the building's structure, roof, common areas, and exterior maintenance are managed by the condominium corporation. Your monthly condo fees cover these shared expenses and a reserve fund for major projects.
4. How does the living space compare to nearby properties?
At 884 sqft, the unit is a practical size. It's larger than several nearby reference properties but smaller than newer townhomes in the area. It offers a balance between space and ultra-low carrying costs.
5. What is the King Edward neighbourhood like?
King Edward is a central, established neighbourhood. The listing data shows a mix of historic character homes and newer infill developments, suggesting an area that is evolving while maintaining its roots. Being ranked in the top 1% on its specific street hints at a particularly well-regarded micro-location within the area.
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