Property Overview: 403 Queen Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 403 Queen Street in Winnipeg's King Edward neighborhood presents a practical and modern living opportunity. Built in 2013, it is a notably newer construction compared to most homes on its street and across the city, suggesting lower immediate maintenance and updated building systems. The home features 872 sqft of living space and a renovated basement, offering efficient use of its compact layout.
Its primary appeal lies in its balance of modernity and value. The assessed value is strong for its immediate area, ranking above average in King Edward. This indicates a solid investment within a well-established neighborhood. The property sits on a 3,822 sqft lot, which is manageable in size—ideal for those seeking minimal yard upkeep without forgoing private outdoor space.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors looking for a modern, low-maintenance home in a central Winnipeg community. It’s for those who prioritize a newer build and a renovated basement over expansive square footage, and who appreciate a home that stands out in age and condition among its older neighbors.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 872 sqft, the living area is close to the average for both Queen Street and the broader King Edward neighborhood. It is, however, notably smaller than the citywide average, making it a more compact, efficient home.
2. Is the assessed value high for the area?
Yes. The assessed value ranks in the top 22% for the King Edward area, meaning it is assessed higher than most comparable homes nearby. This often reflects the property’s newer construction and renovated condition.
3. What are the implications of the newer build year?
Built in 2013, the home is significantly newer than the typical area home (average build year ~1945-1948). This typically translates to newer major components like roofing, wiring, and plumbing, potentially reducing near-term repair costs.
4. How does the lot size affect the property?
The lot is below average for Queen Street but around average for King Edward. It provides a decent yard while requiring less maintenance than a larger plot, a trade-off that suits those wanting outdoor space without extensive upkeep.
5. What is not included in this summary?
This overview does not include the exact historical sale price, interior photos, or a detailed condition report. For the precise sold price history, you must request that information directly via the provided email service.