| 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 703-261 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 703-261 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 16.30k | Top 29%30/105 Avg15.10k Top 29%30/105 Avg15.10k Top 79%21254/26841 Avg25.60k 703-261 Queen Street: For Assessed Value. On Queen Street, above average — Top 29%, rank 30 of 105, and comparable homes in that group average about 15.10k. in King Edward, above average — Top 29%, rank 30 of 105, and comparable homes in that group average about 15.10k. citywide, below average — Top 79%, rank 21254 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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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 16.60k | Top 17%18/105 Avg Above average same street Top 17% | Top 17%18/105 Avg Above average neighbourhood Top 17% | Top 77%20756/26841 Avg Below average Winnipeg Top 77% |
Property Overview & Key Characteristics
This condominium unit at 703-261 Queen Street in Winnipeg's King Edward neighbourhood presents a highly affordable, low-maintenance entry point into the city's core. Built in 1972 with 884 sqft of living space, its most defining characteristic is its exceptionally low property tax burden, as reflected in the assessed value of $16,300. The appeal lies in its financial accessibility and location within a well-ranked building on its street. It last sold in 2018 for $16,600, indicating stable value.
The unit would suit very specific buyers: first-time purchasers seeking the lowest possible barrier to homeownership, investors looking for a cash-flow positive rental with minimal overhead, or downsizers prioritizing fixed monthly costs over space. Its lack of basement, pool, or garage underscores its simplicity. A thoughtful perspective is that this isn't a property for those seeking appreciation through renovation, but rather a functional asset where financial efficiency is the primary feature.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby houses?
This is a condominium unit, so the assessed value reflects only the interior unit itself, not the land or building structure, which are collectively owned. This results in a dramatically lower value for tax purposes compared to single-family homes.
2. What does the "Top 1%" street ranking mean?
The data indicates this specific building (261 Queen Street) ranks in the top 1% of all properties on its street for land area. This suggests the building as a whole sits on a larger parcel than most on the block, a potential perk for shared outdoor space or building footprint.
3. Who is responsible for exterior maintenance and major repairs?
As a condo, the building's exterior, roof, common areas, and major systems are maintained by the condominium corporation, funded through monthly condo fees. Detailed bylaws and fee structures would be provided in the status certificate.
4. Are utilities included in the condo fees?
The listing does not specify. This is a critical question for the listing agent or property manager, as inclusion of heat, water, or electricity in the fees significantly impacts the total monthly cost calculation.
5. How does the 1972 build year affect the unit?
While the building is not new, its year is newer than many in the historic King Edward neighbourhood. Potential considerations include the age of in-suite mechanicals (like plumbing and wiring) and the possibility that the building's major components (roof, windows) may have been updated. Reviewing the status certificate for reserve fund studies is essential.
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