Key Characteristics and Buyer Profile

This is a 1926 home on Queenston Street in Winnipeg’s Wellington Crescent area, with 1,804 square feet of living space on a 4,299-square-foot lot. Its assessed value is $331,000.

The property’s main appeal is its living space. At 1,804 square feet, it ranks in the top 17% citywide and top 27% on its street—significantly larger than the typical Winnipeg home. The assessed value, however, tells a different story. It sits well below average for both the street and neighborhood, ranking in the bottom 3–4%. This gap between generous floor area and a relatively low valuation is the property’s defining feature. It suggests a home that may need updating or lacks the premium finishes found in neighboring houses, but also offers potential value—more space for less money than comparable homes nearby.

The lot is modest for the area. At 4,299 square feet, it’s smaller than average for the neighborhood and ranks near the bottom of the street. This may limit expansion or outdoor possibilities, but it aligns more closely with citywide norms.

This property suits buyers who prioritize interior square footage over curb appeal or lot size. It could work for someone looking to get into a desirable neighborhood at a lower price point, or for a buyer willing to invest in renovations. It’s less suited to those seeking a move-in-ready showpiece, a large yard, or a home that fits seamlessly with the higher-end character of Wellington Crescent.

Five Possible FAQs

1. Why is the assessed value so low compared to others on the street?
The value likely reflects the home’s age and condition relative to its neighbors. Many houses on Queenston Street and in Wellington Crescent have been updated or replaced, which pushes average values higher. This property may have original features or deferred maintenance that a buyer could address over time.

2. Is the living area measurement accurate for a home built in 1926?
The 1,804 square feet likely includes finished living space as measured today. Older homes sometimes have converted attics, enclosed porches, or non-traditional layouts that add square footage. A home inspection or appraisal would confirm the usable space and whether it includes any below-grade rooms.

3. How does the lot size compare to newer homes in Winnipeg?
At 4,299 square feet, it’s smaller than the citywide average of 6,570 square feet. It’s noticeably smaller than typical lots in Wellington Crescent, which average nearly 9,500 square feet. For buyers used to modern suburban lots, this may feel more compact, but it’s still a standard size for older infill areas in the city.

4. What does “Top 17% citywide” actually mean for resale value?
It means the home has more living area than 83% of comparable homes in Winnipeg. While large floor plans can be a selling point, resale value also depends on condition, layout, and location. The low assessed value suggests the market is currently pricing in some compromises beyond just size.

5. Would this property be a good candidate for a renovation or addition?
The existing living space is already competitive, so a renovation could focus on updating interiors. The small lot and below-average land ranking mean expansion—like adding a second storey or a large rear addition—may be limited by zoning and proximity to neighbors. A survey and local zoning check would clarify what’s possible.