Property Overview & Key Characteristics
This one-storey home at 645 Queenston Street in Winnipeg's Central River Heights presents a compelling opportunity centered on its land. The primary appeal lies in its generous 6,786 sqft lot, which ranks within the top 4% of properties on its own street and the top 7% within the desirable Central River Heights neighbourhood. This significant parcel offers ample space for gardening, expansion, or outdoor living that is increasingly rare in mature areas. The home itself, built in 1952, is of average size for the area at 1,276 sqft and features a renovated basement and a detached garage. Its most recent sale in July 2022 at $490k placed it above average for both the neighbourhood and the city-wide market.
The property would best suit a buyer who values land size and future potential over immediate square footage. It's ideal for someone looking for a solid home in a prime, established neighbourhood with the vision to renovate or expand over time, or who simply desires a large, private yard. It also represents a strategic entry point into a sought-after area where the value is often anchored by the land itself.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm its status with the municipality and ensure any renovations have proper permits.
2. How does the lot size impact property taxes?
While the large lot is a major asset, it contributes to the property's assessed value. The current assessed value is around average for the street but above average city-wide, which is a factor in tax calculations.
3. The home's living area is below average for the street. What does this mean practically?
This indicates the existing house occupies a smaller footprint relative to some neighbours, which is precisely what creates the large yard. It suggests the home may be more efficient to maintain and could allow for a thoughtful addition without overwhelming the lot.
4. The 2022 sale price seems significantly higher than the 2016 sale. What's the context?
The 2016 sale at $42.5k was likely a non-arms-length transfer or land title adjustment, not a market sale. The 2022 sale at $490k is the relevant, recent market value.
5. What are the implications of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without disrupting the main house. However, it may be less convenient during Winnipeg winters compared to an attached garage, and its condition should be evaluated separately.