Property Overview: 416 Queenston Street, Winnipeg

Key Characteristics & Appeal

This home at 416 Queenston Street in North River Heights is a classic, mid-century property built in 1945. With 1,312 square feet of living space on a 4,309 sqft lot, its size is comfortably average for the immediate street and neighborhood, offering a manageable footprint without feeling cramped. The assessed value of $483k sits in the middle range for North River Heights, but positions the property above the city-wide average, suggesting a stable investment in a well-regarded area.

The appeal here is one of balance and location. It represents a solid entry point into a mature, established neighborhood known for its charm and convenience. The home’s vintage (1945) is typical for the area, which can appeal to buyers who appreciate character and the potential of older homes, while its recent sale in mid-2024 indicates a refreshed market value. It would suit first-time buyers or downsizers looking for a foothold in a central community without the premium of a larger, fully renovated property. A thoughtful perspective is that while the lot size is slightly below average for North River Heights, it offers lower maintenance—a subtle advantage for those seeking a classic neighborhood feel without extensive yard work.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,312 sqft, the living area is somewhat smaller than the immediate street average (~1,598 sqft) but is very close to the overall city average. It provides a practical amount of space for a smaller household.

2. Is the assessed value a good indicator of the sale price?
The home sold for between $550,000 and $600,000 in June 2024, which is notably higher than its $483k assessed value. This is common, as assessed values for taxation often lag behind current market prices, especially in active neighborhoods.

3. What does the "above average" city-wide assessed value ranking mean?
Ranking in the top 23% city-wide for assessed value means this property holds a higher value than most homes across Winnipeg. This typically reflects the desirability of the North River Heights area more than the specifics of this house alone.

4. As an older home, what should I consider?
Built in 1945, the home is part of the neighborhood's historic fabric. Prospective buyers should budget for potential updates to systems like plumbing, electrical, or insulation, and consider a thorough inspection to understand the condition and any needed maintenance.

5. How can I get the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the exact figure by emailing the site directly; they will provide a manual lookup and send you the information.