Property Summary: 1228 Queenston Street, Winnipeg

Key Characteristics & Buyer Profile

This is a 1,228 sq. ft. home built around 1939, sitting on a 3,443 sq. ft. lot in North River Heights. Its assessed value is roughly $420,000.

Where the appeal lies: The property’s main strength is its value relative to the neighbourhood. While the home is smaller and on a noticeably smaller lot than most in North River Heights (the lot ranks in the bottom 2% locally), its assessed value is also lower than the area average. For someone who wants to live in this established, desirable inner-city neighbourhood but finds the typical price point out of reach, this represents a more accessible entry. The living area is just above the citywide median, suggesting a comfortable but not oversized footprint—typical of the era. The 1939 build date places it in the older stock for Winnipeg, but slightly newer than some of the very earliest homes in the area.

Who it suits: This property will likely appeal most to buyers who prioritize location over square footage or lot size. Think first-time buyers wanting to get into a sought-after school catchment without stretching to the area's median price, or empty-nesters downsizing from a larger home who value walkability and character over a big yard. It is less suited for families who need a large private outdoor space or extra living area, or for buyers looking for a “move-in ready” home with modern finishes—the age and lower assessed value compared to neighbours may indicate original or dated features that require attention.

Frequently Asked Questions

1. How does this home’s size compare to others on the street?
It is below the Queenston Street average of 1,598 sq. ft., ranking in the bottom 22% for living area locally. The 1,228 sq. ft. is a modest, average-sized home by Winnipeg citywide standards.

2. Is the lot size a significant drawback?
At 3,443 sq. ft., it is a small lot—not just for North River Heights (where it ranks in the bottom 2%), but also relative to citywide averages. If gardening, a large garage, or room for additions is important, this likely isn't the right property.

3. Does the assessed value reflect the home’s condition?
Assessed value is a market-based estimate, not an inspection. The $420,000 figure is below the neighbourhood median, which often suggests the home may not have been recently updated or may require some repairs. Always verify actual condition in person.

4. What kind of maintenance or updates might a 1939 home need?
Homes of this vintage can have original electrical (knob-and-tube), plumbing, foundations, and single-pane windows. While not guaranteed, the low land and size rankings suggest the home hasn't been substantially expanded, and the value gap may indicate deferred maintenance.

5. How does public transit, schools, and walkability factor in?
North River Heights is a well-established, central Winnipeg neighbourhood, generally offering good access to amenities, bus routes, and highly regarded schools. The small lot and modest house size are a trade-off for being in a premium location—worth confirming walking distance to your daily needs during a visit.