Property Overview: 349 Queenston Street, Winnipeg

Key Characteristics & Appeal

This home at 349 Queenston Street in North River Heights is a character property with a distinct profile. Built in 1931, it offers 913 sq ft of living space on a 4,307 sq ft lot. Its assessed value is $473k, and it sold in June 2024 for an estimated $500k–$550k.

The appeal lies in its position within a desirable, established neighbourhood. While the home itself is notably smaller than most on its street and in the area, its value holds strong compared to the wider city, suggesting the location carries significant weight. This creates an interesting opportunity: it’s a chance to own a home in North River Heights at a price point driven more by the home's modest size and age than by the location's desirability. It would suit a buyer looking for a character home, possibly a downsizer, a first-time buyer prioritizing location over square footage, or an investor interested in a long-term hold in a stable area. The lot size, while below average for the neighbourhood, is still generous by city-wide standards and offers potential for outdoor space or future expansion, subject to zoning.

Frequently Asked Questions

1. Why is the living area so much smaller than neighbouring homes?
As a 1931 build, this home reflects the more modest housing styles of its era. It ranks in the bottom 1% for size on its own street, indicating it is one of the smallest original homes in the area, which is now filled with larger, often renovated or rebuilt properties.

2. How does its value compare to other homes?
Its assessed value is around the average for both Queenston Street and North River Heights. However, city-wide, it ranks in the top 24%, meaning it is valued higher than 76% of Winnipeg homes. This highlights the premium associated with its neighbourhood.

3. What does the sold price range tell us?
The home sold for an estimated $500k–$550k in June 2024. This sale price ranks in the top 25% for the area and top 15% city-wide, confirming that buyers paid a notable premium for the location, despite the home's smaller size.

4. Is the lot size a disadvantage?
The 4,307 sq ft lot is below average for the street and neighbourhood. However, it is closer to the city-wide average. For many buyers, it remains a good-sized yard. For those considering a future addition or rebuild, it is essential to investigate lot coverage and zoning bylaws, as it offers less flexibility than larger lots on the block.

5. How reliable is this sold price data?
The displayed price is a range based on publicly available data, not from the MLS. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS records here.