Property Overview
This one-storey home at 396 Queen Street in Winnipeg's King Edward neighbourhood presents a straightforward opportunity. Built in 1914, its 880 sqft living area and unrenovated basement reflect its vintage character. The property sits on a 3,883 sqft lot and includes a detached garage. When compared locally, the home is consistently around average for its immediate area in terms of size, value, and lot, but sits below the city-wide averages for newer, larger homes. Its most recent recorded sale was in mid-2020.
Key Characteristics & Appeal
The appeal of this property lies in its simplicity and location. It’s a classic, no-frills home in an established neighbourhood, offering a manageable footprint for a first-time buyer, downsizer, or hands-on investor. Its assessed value is modest relative to the city, suggesting an accessible entry point into the market.
A thoughtful perspective is that its "average" standing within its own street and area is actually a strength—it’s not an outlier, which can provide stability and predictability. The lot size is generous for the neighbourhood, offering valuable outdoor space or future potential in a mature community. This home would best suit a pragmatic buyer who sees value in a solid foundation and location over modern finishes, and who is prepared for the maintenance or gradual updates typical of a century-old house.
Frequently Asked Questions
1. What does "around average" for the area really mean?
It means that for key metrics like living area, assessed value, and lot size, this home falls within the middle range of similar properties on Queen Street and in the broader King Edward neighbourhood. It’s neither exceptionally large nor small for the community it's in.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may be suitable for storage or mechanicals, but not as livable area without significant work.
3. How recent is the price history available?
The most recent confirmed sale data is from June 2020. For exact historical sold prices, you must request the information directly via the provided email service.
4. What are the implications of the home's age (1914)?
While offering classic charm, a home of this age will likely require attention to aging components like plumbing, electrical, and the foundation. It represents a piece of local history but comes with the maintenance expectations of a century-old structure.
5. How does its city-wide "below average" ranking affect value?
This primarily reflects that newer suburban developments typically feature larger, more modern homes on bigger lots. For buyers specifically seeking an established inner-city neighbourhood, the local comparisons are more relevant than the city-wide ones.