88 Queenston Street: Property Summary

Key Characteristics & Buyer Profile

This 1921 home offers 1,848 square feet of living space on a 4,300-square-foot lot. Its living area ranks in the top 26% on the street and top 15% citywide—genuinely spacious for Winnipeg, and noticeably larger than the typical home in the area. The assessed value of $437,000 sits around average for the street and city, but well below the Wellington Crescent neighbourhood average of $805,600. That gap is the property’s core appeal: you get above-average interior space in a prestigious postal code, without paying the premium most homes in that area command.

The trade-off is apparent in the land and age. The lot is smaller than most on the street (top 90%, meaning 90% of neighbours have more land) and significantly smaller than the neighbourhood average of 9,488 square feet. At over a century old, the house is older than 97% of homes on Queenston Street—so expect original character, but also the realities of an older structure.

Who it suits: Buyers who want a spacious interior in a well-regarded central Winnipeg neighbourhood, with room in the budget for updates or maintenance. This is a good fit for someone who values square footage and location over lot size, and who understands that an older home comes with both charm and responsibilities. Less ideal for those wanting a large yard or a move-in-ready property without compromises.

Five FAQs

1. Why is the assessed value so low compared to other homes in Wellington Crescent?
The neighbourhood average ($805,600) is pulled up by newer, larger, and more extensively renovated properties—many on bigger lots. This home’s older age, smaller lot, and likely less updated condition keep its assessment closer to the street-level average ($494,600) and city median ($390,100). You’re buying into the area, not the area’s priciest finishes.

2. Is a 1921 home a concern for structural or mechanical issues?
It depends entirely on how well it’s been maintained. Homes of this vintage often have plaster walls, older wiring, and maybe original plumbing. The upside: mature construction materials (old-growth lumber, solid masonry) can outlast modern stick framing if kept dry and stable. A thorough home inspection is essential—look at the foundation, roof age, and electrical panel as starting points.

3. How does the 4,300 sqft lot limit what I can do?
It’s a compact urban lot. Additions, detached garages, or large landscaping projects may be restricted by zoning setbacks and the amount of green space left. For reference, the neighbourhood average lot is more than double this size. If you want a big garden or room to expand outward, this property will feel tight.

4. The living area rankings seem strong—does that mean the layout is unusual?
At 1,848 sqft, it’s a solidly sized home for any era. Many homes from the 1920s in this area are smaller (closer to 1,500 sqft) or have been subdivided into units. This property likely has full-sized rooms without the chopped-up floor plan you sometimes see in older houses. It could work well for a family or someone who wants distinct, separate spaces rather than an open concept.

5. What’s the resale value outlook given the mismatched features (good interior, smaller lot, old construction)?
The biggest risk is that the home’s condition doesn’t keep pace with the neighbourhood. If surrounding properties are renovated and upgraded over time, this house could become the “budget entry point” for the street—which has both upsides (affordable entry) and downsides (harder to recoup major renovation costs). Location is strong, but the lot and age cap the ceiling unless you substantially improve the structure itself.