Property Overview: 484 Queen Street, Winnipeg
Key Characteristics & Appeal
This is a modern, one-storey home built in 2018, offering a low-maintenance lifestyle on a generous lot in the King Edward neighbourhood. Its primary appeal lies in its combination of new construction and established community. At 1,300 sqft, the living space is notably above average for both its immediate street and the wider neighbourhood, providing more room than many nearby homes. The property stands out statistically: its assessed value ranks in the top 3% of King Edward, suggesting it is a premium holding in the area, while its 2018 build date makes it a newer asset in a neighbourhood of mostly older homes.
The home would suit a buyer looking for a move-in-ready property without the concerns of aging infrastructure, and who values space and a larger lot (over 5,400 sqft) within the city. It’s a practical choice for those wanting a modern layout but without the wait and uncertainty of a new build in a suburban development. A less obvious perspective is its potential as a long-term hold in a transitioning area; its elite assessed value ranking indicates it’s already a high-performing asset on its street, which could be a stabilizing factor. The detached garage adds utility for storage or a workshop, appealing to hobbyists or those needing extra space.
Frequently Asked Questions
1. Why is the assessed value so high compared to the neighbourhood average?
The assessed value ranks in the top 3% for King Edward, primarily due to the home's modern build (2018) and its above-average living area. It is assessed as a premium, contemporary property within an older neighbourhood.
2. What is the condition of the basement?
The listing notes a basement exists but specifies it is "not renovated." Buyers should anticipate it as unfinished utility space.
3. How does the lot size compare?
At 5,476 sqft, the lot is above average for the King Edward neighbourhood (top 8%) but around the city-wide average. It offers substantial outdoor space for the area.
4. What can the sold price history tell me?
Public records show it last sold in March 2019 for an estimated range of $32.5k to $35.5k. The current assessed value of $41.3k reflects market changes and the home's standing since that sale.
5. Is this a good investment for the area?
The home's metrics suggest it is a standout property on its street and in King Edward. Its newer age and size offer advantages over many comparable homes, potentially appealing to future buyers seeking modern comforts in a central location, which could support value retention.