Property Summary: 511 Queenston Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Central River Heights is defined by its generous, above-average lot size—one of its strongest assets. With 5,494 square feet of land, the property offers more outdoor space than most in its immediate area, presenting clear potential for gardening, expansion, or simply enjoying a larger yard. The home itself, built in 1954, is of a vintage common to the neighbourhood, and its living area is comfortably in line with city-wide averages. A key modern update is the renovated basement, adding functional living space. The detached garage provides practical storage or parking.
The primary appeal lies in its location and land. Central River Heights is a consistently desirable neighbourhood, and this property’s lot size is a standout feature for the street. It suits buyers looking for a solid entry into a prime area with the valuable combination of a renovated interior component and significant outdoor space to shape over time. It’s a practical choice for a small family, a couple, or an investor who recognizes the long-term value of land in a established community. The assessed value history suggests the property has been maintained as a solid asset relative to its peers.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of 5,494 sq ft is notably larger than the average for both Queenston Street and the broader Central River Heights area, placing it in the top 21% and 45% for those respective groups. This is a defining characteristic of this listing.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated but does not specify the scope or finish. A buyer should inquire about the permitted nature of the work, the quality of the finish, and whether it includes elements like a separate entrance or bathroom.
3. Is the sale price from 2021 relevant today?
The last recorded sale was in August 2021 for $55,100. This historical data is useful for understanding past market activity, but the current listing price will be determined by present market conditions, recent comparable sales, and the updated assessed value.
4. What is the significance of the assessed value?
The assessed value of $52.40k is for municipal tax purposes and is typically lower than market value. That this assessment ranks above average for the neighbourhood, city, and street indicates the property is viewed as a substantial asset relative to many comparable homes, which can be a positive indicator.
5. What are the implications of a 1954 build date?
A home of this age is typical for the area. It means potential for classic architectural charm but also warrants a thorough inspection for the condition of major aging components, such as the roof, plumbing, electrical systems, and foundation, to understand any upcoming maintenance or updates needed.