Property Overview & Appeal
This 1912 one-storey home at 363 Queen Street in Winnipeg's King Edward neighbourhood presents a unique blend of historic character and standout practical features. Its primary appeal lies in its exceptionally generous 7,646 sqft lot, which places it in the top 1% of properties in King Edward for land area. This offers rare potential for expansion, gardening, or outdoor living within the city. The 1,575 sqft living area is also notably spacious, ranking in the top 4% on its street and top 2% in the neighbourhood, providing ample room in a primarily single-level layout. A renovated basement adds further functional living space.
The home suits buyers who value space and potential over a modern build date. It’s an ideal canvas for someone seeking a character home with a huge yard, or an investor/developer who recognizes the long-term value of a large lot in a central location. The appeal is pragmatic: you are purchasing significant square footage, both inside and out, in a well-established area. A thoughtful perspective is that while the home itself is older, its above-average assessed value for the street and neighbourhood suggests the property is already recognized for its underlying asset value—the land and its generous proportions.
Frequently Asked Questions
1. What does the "Elite" or "Top X%" ranking mean for the lot size?
It means the property's land area is larger than nearly all comparable homes in the area. Specifically, it ranks in the top 1% within the King Edward neighbourhood, indicating an unusually large and potentially valuable parcel of land.
2. The home was built in 1912. What should I consider?
While the basement has been renovated, the main structure is over a century old. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of core systems like wiring, plumbing, and the foundation, which are typical focal points for homes of this era.
3. There is no garage. What are the parking options?
The listing does not mention a garage or designated parking. Buyers should verify on-site parking options, such as a driveway or the possibility of creating one, and also research local street parking regulations.
4. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available by request. You can provide your email to the listing service, which manually sends out the accurate figure. They state this process is to prevent data scraping and that emails are not used for unsolicited marketing.
5. How does the assessed value compare to likely market value?
The municipal assessed value is $33,900k, which is above average for the immediate street and neighbourhood. It's crucial to remember that assessed value is for tax purposes and often differs from market value. Recent sold price ranges and the property's unique lot size will be stronger indicators of its current market worth.