Property Summary: 238 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1906, situated on a standard city lot in the King Edward neighbourhood. Its key appeal lies in its position as a straightforward, no-frills property in a central location. With 911 sqft of living space and an assessed value of $210k, it presents itself as one of the more accessible entry points into the Winnipeg market.
The home would suit a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a lower-cost project home. Its value is primarily in the land and location rather than the dwelling itself, as the house is notably older than almost all others in the city and features an unrenovated basement. A thoughtful perspective for a buyer here is to see past the raw rankings: while the home is below average in size and age citywide, it is actually quite typical for its immediate area on Queen Street. This suggests you're buying into an established, stable streetscape with a clear understanding of what you're getting. The appeal isn't about standout features, but about solid fundamentals and potential.
Section 2: Frequently Asked Questions
1. What does the "Top 98%" ranking for Year Built mean?
It means this home is older than 98% of comparable properties across Winnipeg. Built in 1906, it is a true character home but will likely require more attention to maintenance and systems than a newer build.
2. How does the assessed value compare to recent sale prices on the street?
The current assessed value of $210k is consistent with the late-2022 sale price range ($185k-$215k) of the similar home next door at 240 Queen Street. This indicates stable value in the immediate area.
3. Is the lot size a pro or a con?
At 3,880 sqft, the lot is slightly larger than the neighbourhood average but smaller than the city average. It offers a decent outdoor space for the area without being burdensome to maintain, striking a practical balance.
4. Who is this property not suited for?
It is likely not suited for buyers seeking a modern, move-in-ready home without renovation projects, or for those who prioritize above-average square footage and newer amenities commonly found in suburban areas.
5. The data shows the living area is "below average" citywide but "around average" for the street. Which is more relevant?
For daily living and resale, the immediate street and neighbourhood context is more relevant. This indicates the home's size is appropriate and competitive for its specific location, which is more useful for evaluation than a citywide comparison.