59.8
Fair
Property score
59.8
Fair
Overall 59.8
Smaller than most nearby homes
920 sqft (bottom 10%)
Built in 1927 (10 yrs older than avg)
Located in a high-income area
with median household income of ~124k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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59.8 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110380
$124K
Median household income
$158K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
21%
Single-person households
32%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
240 Queenston Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 335 m), 2 education (nearest 84 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 27% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 240 Queenston Street, Winnipeg
Key Characteristics & Appeal
This home at 240 Queenston Street in North River Heights is a compact, character property built in 1927. Its key characteristic is its modest 920 sqft living area, which is notably smaller than most homes on its street and in the wider neighbourhood. This is balanced by a decently sized 4,319 sqft lot that is closer to the local average. With an assessed value of $397k, it sits below the average for North River Heights but aligns more closely with the typical Winnipeg home.
The primary appeal lies in its position within a desirable, established neighbourhood at a relatively accessible price point. It represents an opportunity to enter a sought-after area without the premium typically attached to larger homes on the same blocks. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a prime location. A thoughtful perspective is that the smaller interior space is offset by the potential of the lot, offering room for gardening, outdoor living, or future expansion (subject to approvals), which is a valuable asset in a mature neighbourhood.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $397k is for municipal tax purposes. While it provides a benchmark, the final sale price is determined by the market. Recent sold data suggests homes here transact within a competitive range, but a professional appraisal or comparative market analysis is recommended for accuracy.
2. How does the smaller living area impact livability and value?
At 920 sqft, the home is functionally smaller than many in the area, which is reflected in its lower assessment compared to neighbourhood averages. This may appeal to those seeking efficiency and lower utility costs, but buyers should ensure the layout meets their spatial needs.
3. What are the implications of the home's age (built in 1927)?
A home of this age likely possesses character but may also require careful attention to aging components like plumbing, electrical, and the foundation. A thorough home inspection is essential to understand the condition and any potential upcoming maintenance or updates.
4. The data shows the lot size is "around average" for the street. Is that an advantage?
Yes. While the house itself is smaller, the lot of over 4,300 sqft is a significant asset. It provides outdoor space that is less common in newer developments and offers flexibility that smaller lots do not, contributing to the property's long-term value.
5. Where can I find verified past sale prices for this home?
The provided data notes that exact sale figures are not displayed publicly on this site due to industry rules. You can request the full transaction history and exact past sale prices by emailing the site directly for a manual lookup.
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