302 Queen Street

Property Overview: 302 Queen Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1918, presents a classic character property in Winnipeg's King Edward neighbourhood. Its key appeal lies in its grounded, no-frills profile and its position as a relatively affordable entry point into the housing market. With 1,073 sqft of living space, it offers a practical footprint that is notably above average for its immediate area and street. The lot size of 3,881 sqft is generous for the neighbourhood, providing valuable outdoor space in an established community.

The home suits a specific type of buyer: the practical first-time homeowner, an investor looking for a rental property with a stable history, or a hands-on individual who values location and lot size over modern finishes. Its assessed value is significantly below the citywide average, highlighting its accessibility. A thoughtful perspective is that this property represents a "blank canvas" within a mature streetscape—the unrenovated basement and classic structure offer the next owner the opportunity to add value according to their own taste and budget, rather than paying a premium for someone else's renovations. Its consistent, middle-of-the-road rankings across most metrics for the street and area suggest a property that is typical and well-integrated into its surroundings, offering a sense of stability rather than standing out as an outlier.

Section 2: Frequently Asked Questions

1. What is the actual recent sold price?
The available public data indicates a sale occurred in July 2020 within a range of $15.50k to $18.50k. For the precise sale price, you can request the exact history via email from the listing source.

2. What does "above average for the area" in living space mean?
While the home's living area is around the citywide average, it ranks in the top 25% within the King Edward neighbourhood itself. This means it offers more interior space than most comparable homes in this specific, well-established community.

3. Is the low assessed value a concern?
Not necessarily. The assessed value is used for calculating property taxes and is often below market value. Its ranking shows it is typical for the street and area, but sits well below the Winnipeg city average, which can be a positive indicator of relatively lower property taxes.

4. What should I know about a home built in 1918?
Expect character foundations paired with the potential for aging infrastructure. While offering charm and sturdy construction, key systems like wiring, plumbing, and insulation may require inspection and potential updating. The unrenovated basement condition should be carefully evaluated.

5. How does the lot size compare?
At 3,881 sqft, the lot is larger than most in Winnipeg overall and is a strong, above-average size for the King Edward neighbourhood. This is a significant asset, providing more private outdoor space than many nearby properties.