Property Overview: 405 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its balance of historic charm and practical updates, notably a renovated basement. With 1,186 sqft of living space, it offers above-average roominess for both its immediate street and local area, providing more interior space than many comparable homes nearby.
The property suits buyers looking for an established neighbourhood with a sense of history, without the maintenance fears of an unrenovated century home. It’s particularly well-matched for first-time buyers or downsizers who value a manageable, updated footprint more than a large lot, as the land size is modest for the street. The detached garage adds practical storage or workshop space. A thoughtful perspective is that its "around average" assessed value for the area suggests it is priced in line with the local market, potentially offering a stable entry point without a premium for its above-average living area.
Section 2: Frequently Asked Questions
1. How does the home's size compare practically?
While the living area is generous for the immediate area, ranking in the top 18% on its street, it is near the city-wide average. This means you get more space than most neighbours, but it’s a typically sized Winnipeg home overall.
2. What does the "below average" year built ranking mean?
Built in 1912, it is older than most homes in Winnipeg. This indicates a character home that may have classic features but also requires a mindful inspection for updates to wiring, plumbing, and insulation that align with modern standards.
3. Is the assessed value a good indicator of the selling price?
The assessed value is a municipal figure for tax purposes. Notably, the last recorded sold price range (2021) is very close to the current assessed value, suggesting stability. However, market conditions always determine the final sale price.
4. How usable is the lot?
The land area is below average for the street but typical for the wider King Edward area. This means a smaller, more manageable yard, which could be a benefit for low-maintenance living but a limitation for those wanting extensive outdoor space.
5. Where can I get exact historical sale prices?
The provider offers to manually share the exact sold price history via email upon request, as the public data only shows ranges. They state this is a no-gimmick service without unsolicited marketing.