337 Queen Street

Property Overview: 337 Queen Street, Winnipeg

Key Characteristics & Appeal

This 2020-built bi-level home at 337 Queen Street offers a distinctly modern living opportunity within Winnipeg's established King Edward neighbourhood. Its primary appeal lies in its combination of new construction and a central location. With 1,170 sqft of living space, the home is notably larger than many comparable properties on its street and in the immediate area. A renovated basement adds functional space.

The standout characteristic is its age; built in 2020, it ranks in the top 1-3% of homes for newness on its street, in the neighbourhood, and citywide. This translates to modern building standards, systems, and likely minimal immediate maintenance. The property’s assessed value is elite for the local area (top 5%), suggesting it is a higher-value asset within its community context, though it's important to note the land size is modest relative to some neighbours.

This home would suit buyers seeking a move-in ready, modern property without the wait or uncertainties of new construction, and who value a central location over a large lot. It’s ideal for professionals, small families, or downsizers looking for a low-maintenance home with contemporary features in a mature neighbourhood.

Frequently Asked Questions

1. What does the "elite" assessed value ranking mean for this property?
It indicates the home's municipal assessed value is among the top 5% highest on its street and in the King Edward neighbourhood. This generally reflects its modern build and relative size compared to older, smaller homes nearby, but it's not a direct marker of market selling price.

2. The land size is noted as "below average." How significant is this?
The lot is approximately 3,825 sqft, which is smaller than many on Queen Street but close to the average for King Edward. This means outdoor space may be more intimate, prioritizing low-maintenance yard care—a potential plus for some—over expansive private gardens.

3. As a 2020 build, what are the potential advantages?
Beyond obvious modern finishes, key benefits include newer major systems (plumbing, electrical, HVAC) likely under warranty, contemporary energy efficiency, and compliance with recent building codes. This can offer significant savings and peace of mind in the early years of ownership.

4. The home is a bi-level. What should I consider with this style?
Bi-levels typically feature living areas on one upper level and bedrooms on a lower level, split by a short staircase. This offers good separation of space. Ensure the layout suits your daily flow, and note that the basement, listed as renovated, is likely above-grade and integral to the main living area.

5. How does the sold price history from 2020 inform current value?
The 2020 sale price (in the $33.5k-$36.5k range as per public data) reflects the home's initial purchase price as a new build. The current assessed value of $38.2k shows appreciation, but the true market value is determined by current conditions, recent comparable sales, and updates made since 2020.