Property Overview: 358 Queen Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1912, presenting a classic opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest 680 sqft living area, which is notably smaller than most homes locally and city-wide. The property sits on a reasonably sized lot of approximately 3,883 sqft, which is average for the immediate area and offers potential for outdoor space or future expansion, subject to approvals. The basement exists but is noted as not renovated, and there is no garage or pool.

The primary appeal lies in its position as an entry-point property. With a very low assessed value and a history of similarly low sale prices, it represents one of the most accessible homeownership opportunities in the city. It suits a specific type of buyer: those seeking a minimal footprint, such as first-time buyers willing to undertake renovations, investors looking for a low-cost rental property, or individuals prioritizing land value and location over the size or condition of the existing structure. A less obvious perspective is that its age and small size could appeal to someone interested in a simplified, efficient living space with character, where the lot itself may hold more long-term value than the current building.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's smaller size, older age, and unrenovated condition compared to the typical Winnipeg home. It is assessed in line with similar, very modest properties in its immediate area.

2. What does "basement, not renovated" typically imply?
This usually indicates a functional but unfinished basement space. Buyers should budget for potential updates to make it comfortably livable or for necessary maintenance like moisture control, insulation, or updating utilities.

3. Is the land size a positive aspect?
Yes. While the house is small, the lot is a relative strength. At nearly 4,000 sqft, it is on par with neighbouring properties and provides valuable outdoor space. This lot-to-house ratio is uncommon for a home at this price point and is a key asset.

4. Who would this property not suit?
It would not suit buyers needing move-in-ready condition, multiple bedrooms, ample storage, or dedicated parking (as there is no garage). Families or those who work from home may find the living area too constrained.

5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed in detail here. You can request the precise history by emailing via the "Get exact sold price history" button on the property page. The service is manual but provided without obligation.