Key Characteristics & Buyer Profile

This is a 1929 home on Queenston Street in Winnipeg’s Wellington Crescent neighbourhood, with 2,024 sq. ft. of living space on a 4,300 sq. ft. lot. Its assessed value is $570,000.

The property’s main appeal is its living area. At 2,024 sq. ft., it ranks in the top 18% on its street, top 10% citywide, and is significantly larger than the citywide average for comparable homes (1,342 sq. ft.). The assessed value also sits in the top 10% citywide and top 20% on the street, suggesting strong relative value within its immediate context.

However, the lot is notably smaller than both the street and neighbourhood averages—ranking in the bottom 10% on Queenston and bottom 24% in Wellington Crescent. The home itself is older than the street and city averages, built in 1929 (ranking in the bottom 20% on the street).

This property suits a buyer who prioritizes interior space and is comfortable with a smaller lot in an established, higher-value neighbourhood. It may appeal to someone who values a larger home for its size rather than land, or who sees the smaller lot as lower-maintenance. The home’s age and lot size mean it’s less likely to appeal to buyers looking for a modern footprint or a large yard, but it could be a strong fit for those focused on square footage and location over land area.

Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
The lot is 4,300 sq. ft., which is below average for both the street (average 4,997 sq. ft.) and the neighbourhood (average 9,488 sq. ft.). Citywide, it’s around average. If a large yard is important, this property may feel compact compared to nearby homes.

2. The house was built in 1929. What does that mean practically?
It’s older than the average home on Queenston Street (built ~1947) and citywide (~1966), but roughly typical for the Wellington Crescent neighbourhood. Buyers should expect original character details but also potential updates needed for systems (electrical, plumbing, insulation). A home inspection is recommended to assess the condition of these older components.

3. Is the assessed value of $570,000 high for what you get?
Relative to the street, yes—it’s above average (ranked top 20%). But within the Wellington Crescent neighbourhood, it’s around average (ranked 56%), where the average assessed value is $805,600. This means you’re getting a home priced below the neighbourhood median, likely due to the smaller lot and older construction.

4. How does the living area compare to other homes nearby?
This is a standout feature. At 2,024 sq. ft., the home is significantly larger than the average home on Queenston Street (1,598 sq. ft.) and the citywide average (1,342 sq. ft.). It ranks in the top 10% citywide for living area among comparable homes.

5. Who would this home not be a good fit for?
It may not suit buyers who want a large, private yard or a newer, low-maintenance home. The lot is small for the street and neighbourhood, and the 1929 build means ongoing upkeep is likely. It’s also less ideal for someone seeking a bargain on a per-square-foot basis in this specific neighbourhood, given the assessed value is above the street average.