Property Overview: 351 Queen Street, Winnipeg
Key Characteristics & Appeal
This two-storey home at 351 Queen Street in the King Edward neighbourhood presents a practical and well-positioned offering. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,200 sqft footprint. The home, built in 1978, is newer than many in its immediate area and offers above-average living space for both the street and the neighbourhood. It sits on a standard city lot and includes a detached garage.
The appeal lies in its move-in readiness with the basement update, and its strong positional metrics within the established King Edward community. It ranks above average locally for living space and age, suggesting a comfortable home in a mature setting. The assessed value is typical for the area, indicating a fair market entry point.
This property would suit first-time buyers or downsizers seeking a manageable, updated home in a central Winnipeg neighbourhood without the premium of a newer subdivision. It’s a pragmatic choice for someone who values renovated interior space over a larger lot.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,200 sqft, the living area is above average for both Queen Street and the wider King Edward neighbourhood, ranking in the top 16% and 14% respectively. This suggests the home offers more interior space than many comparable local properties.
2. Is the assessed value high for this area?
No, the assessed value is around the local average for both the street and King Edward. It is notably below the citywide average, which is typical for established central neighbourhoods compared to newer suburban areas.
3. What does the "above average" year built mean?
Built in 1978, the home is newer than many in its direct vicinity, where comparable homes often date to the 1940s. This can imply potentially newer building systems and materials than the neighbourhood's older housing stock.
4. How does the lot size compare?
The lot is 3,825 sqft, which is around average for King Edward but below average for Queen Street specifically and the city overall. This indicates a standard urban lot for the area, typical for neighbourhoods with older, denser housing.
5. What is the significance of the renovated basement?
While specific details aren’t provided, a renovated basement adds immediate functional living space without the need for a major project. It increases the usable square footage, which is a key factor in the home's above-average living space ranking locally.