Property Overview: 558 Queenston Street, Central River Heights
Key Characteristics & Appeal
This two-storey home, built in 1951, presents a solid and practical offering in the desirable Central River Heights neighbourhood. Its key features include a renovated basement and a detached garage. With 1,403 sqft of living space on a 4,310 sqft lot, the property sits comfortably within the average range for its immediate street and the wider city, offering manageable proportions for maintenance without feeling cramped.
The primary appeal lies in its established location and its position as a value-conscious entry into a sought-after area. The home’s assessed value ranks above average both for the neighbourhood and city-wide, suggesting a perception of solid worth relative to its peers. This isn’t the largest or newest home on the block, but it represents a grounded opportunity. It would suit first-time buyers seeking a foothold in a prime neighbourhood, downsizers looking for a manageable property without leaving the area, or value-focused investors attracted by its above-average assessment metrics and the enduring rental demand in River Heights.
Frequently Asked Questions
1. How does the lot size compare for the area?
At 4,310 sqft, the lot is slightly below the average for Central River Heights but is very typical for Queenston Street itself. It offers a standard urban yard space for the neighbourhood.
2. What does the "above average" assessed value indicate?
It means this home’s official assessed value is higher than many comparable properties in both the neighbourhood and city-wide. This can reflect the renovated basement, the specific location on the street, or overall market confidence in the property, but it’s also a factor in determining property taxes.
3. Is the living space smaller than similar homes?
On Queenston Street, it is slightly below the group average. However, compared to all homes in Winnipeg, it is right at the citywide average. The layout and flow of the renovated spaces will be more important than the square footage alone.
4. When was it last sold, and for how much?
The home was sold in November 2019 for $41,300. This historical price provides context for its current assessed value of $47,200 and any future listing price.
5. What are the implications of the detached garage?
A detached garage offers flexibility—it can be used purely for vehicle storage, converted into a workshop, or serve as additional storage without impacting the home's living space. It may also provide more backyard design options compared to an attached structure.