Property Overview
This 2020-built bi-level home at 339 Queen Street in Winnipeg's King Edward neighbourhood offers a modern living opportunity in a well-established area. Its primary appeal lies in its combination of new construction and a central location. With 1,170 sqft of living space, it is notably larger than most comparable homes on its street and in the immediate area. The property sits on a 3,825 sqft lot, which is more compact than many but offers manageable outdoor space with less maintenance.
The home is particularly suited to first-time buyers or downsizers seeking a modern, move-in-ready property without the upkeep of an older home. Its above-average assessed value for the locale suggests it is a premium offering on its street, appealing to those who value newer systems, energy efficiency, and contemporary layouts. The lack of a garage and a non-renovated basement presents a clean slate for future customization, potentially attracting buyers looking for a project to add personal value over time.
Frequently Asked Questions
What does the "above average" ranking for living area actually mean?
It means that at 1,170 sqft, this home is larger than approximately 81% of similar properties on Queen Street and 84% in the King Edward area, offering more interior space than is typical for the locale.
The assessed value is ranked "above average," but the last sold price seems lower. Why?
The assessed value is a current valuation for tax purposes, influenced by the modern build year and size. The 2020 sale price reflects the market conditions at the time of its initial purchase; the higher current assessment indicates perceived value growth since then.
As a 2020 build, what are the less obvious advantages?
Beyond just being modern, a home this new for the area virtually eliminates the immediate need for major, costly replacements (like roof, furnace, or windows) that are common with older area homes, providing significant budget predictability.
The lot size is noted as "below average" citywide. Is this a major drawback?
Not necessarily. While smaller than the city average, the lot is very close to the average size for King Edward. This often translates to less yard work and lower exterior maintenance costs, which can be a practical benefit.
What is the potential of the non-renovated basement?
The existing basement presents a clear opportunity to add significant living space and value. Because the home itself is so new, the basement likely has a modern foundation and shell, which could simplify any future finishing project compared to an older home.