460 Queen Street

Property Overview: 460 Queen Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, presents a solid opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in a combination of generous outdoor space and a renovated basement. With a living area of 1,174 sq ft, the home is notably spacious for its immediate area and neighbourhood, ranking in the top 20% for size locally. The standout feature is the land: at 6,695 sq ft, the lot is exceptionally large for King Edward, ranking in the elite top 3% of the neighbourhood. This offers significant potential for gardening, expansion, or simply enjoying ample private outdoor space—a rarity in urban settings.

The home suits practical buyers looking for value and space over flashy finishes. It’s ideal for a first-time homeowner comfortable with a vintage home’s character, a buyer prioritizing land size for future projects, or an investor attracted by the below-average citywide assessed value and the renovated basement, which could support rental income. Its appeal is grounded in fundamentals—more indoor and outdoor space than most comparable homes in a well-established area—rather than luxury finishes or a new build.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the wider city?
While the home’s assessed value is around average for its street and neighbourhood, it sits below the citywide average. This suggests you are acquiring more space—both in the home and, especially, the land—for your dollar compared to many other parts of Winnipeg.

2. What does a "renovated basement" typically mean for a home of this era?
For a 1949 home, a renovated basement often includes modernized essentials like updated flooring, lighting, and drywall, potentially creating a livable family room or separate suite. Buyers should verify the scope, permits, and moisture management, as basements in older homes require careful maintenance.

3. The lot is large, but are there any restrictions on its use?
This is a key question. A lot of this size (over 6,600 sq ft) in an older neighbourhood may have potential for subdivision or adding an accessory building, but this is entirely subject to City of Winnipeg zoning bylaws. Due diligence is required.

4. The home last sold in 2022. What does the price history indicate?
The sold price range in 2022 was notably higher than in 2016, reflecting broader market trends. The current assessed value remains close to that 2022 sale price, suggesting a stable valuation in the recent market context.

5. There’s no garage. How challenging is parking?
The property listing does not include a garage. On a central street like Queen, buyers should investigate on-street parking permits, seasonal parking restrictions, and the general availability of street parking to understand daily convenience.