Property Overview: 364 Queenston Street, Winnipeg

Key Characteristics & Appeal

This home at 364 Queenston Street in North River Heights presents a solid, established property in a desirable neighbourhood. Built in 1940, its 1,518 sqft of living space is comfortably above the Winnipeg city-wide average, offering ample room for a family or those seeking space without excessive upkeep. The assessed value of $504,000 positions it above average for both the neighbourhood and the wider city, suggesting a well-regarded location and property condition.

Its primary appeal lies in its balance and stability. It’s not an outlier in size or value on its own street, which can indicate a good fit within a consistent, mature community. A thoughtful perspective is that while the lot size is smaller than many in North River Heights, this often translates to less yard maintenance, appealing to buyers who prefer more indoor living space or a simpler outdoor routine. The home’s value ranking significantly outpaces its living area ranking city-wide, hinting that factors like the neighbourhood’s character, lot location, or the home’s specific updates contribute substantially to its worth.

This property would suit buyers looking for a move-in-ready home in a prime neighbourhood without the premium of a newly built or maximized lot. It’s ideal for professionals or a small family seeking the established charm and convenience of North River Heights, who value space and location over having the newest home or the largest yard on the block.

Frequently Asked Questions

1. How does the sold price from 2023 relate to the current assessed value?
The home sold for an estimated $550,000-$600,000 in August 2023, which was in the top 10-20% of sales city-wide at that time. The current assessed value of $504,000 is a municipal valuation for tax purposes and is typically lower than market value; the past sale indicates strong market demand for this property and area.

2. Is the smaller lot size a concern?
At 4,308 sqft, the lot is below average for North River Heights but is near the city-wide average. This isn’t uncommon for older, central neighbourhoods. It means a more manageable yard but may limit expansion possibilities like a large addition or pool.

3. What should I consider about a home built in 1940?
While the structure is sound and has stood the test of time, a home of this age may have original components like plumbing, electrical, or windows. A thorough inspection is crucial to understand the condition and identify any needed updates, which can be an opportunity to customize.

4. How do the rankings for this property work?
The rankings compare this home to others on Queenston Street, in North River Heights, and across Winnipeg. For example, being in the "Top 29%" for living area city-wide means 71% of Winnipeg homes are smaller. This helps you gauge how its features stack up in different contexts.

5. How can I get the exact historical sold prices?
The displayed sold price is an estimated range. Due to industry regulations, exact MLS sale figures aren’t published here. You can request the precise sale history via email through the site’s provided form for a manual lookup.