Property Overview
This one-and-a-half storey home at 499 Queen Street in Winnipeg's King Edward neighbourhood presents a classic, grounded opportunity. Built in 1952, it sits on a notably generous 6,637 sqft lot—a standout feature that ranks in the top 4% of properties in the area. With 1,054 sqft of living space and a renovated basement, the house itself is functionally sized and updated where it counts. The detached garage adds practical utility.
The appeal here is rooted in space and location. The lot size is a significant asset, offering rare potential for gardening, expansion, or simply enjoying a larger private outdoor space in the city. Its assessed value positions it as an accessible entry point into the market, particularly for the lot size it commands. This property would suit first-time buyers or practical downsizers who value a substantial yard over a large house, and who are looking for a home with baseline updates in a stable, established neighbourhood. It’s a property where the land is the leading feature, offering a blank canvas for future enjoyment or improvement.
Frequently Asked Questions
1. How does the lot size compare to typical city properties?
The lot is 6,637 sqft, which is significantly larger than the average for both the immediate area and the city overall. In the King Edward neighbourhood, this lot size ranks in the elite top 4%.
2. What is the home’s condition based on the available details?
The listing notes a renovated basement, suggesting some modernization. As a home built in 1952, buyers should anticipate the potential for age-related maintenance common to houses of this era, while appreciating the character and solidity it likely offers.
3. Who would this property be most suitable for?
It’s well-suited for buyers who prioritize outdoor space and a neighbourhood setting over a brand-new or very large home. It’s a practical choice for those comfortable with a home that may require thoughtful updates over time, starting with a solid, renovated basement and a standout yard.
4. How does its value compare to nearby properties?
Its assessed value is around average for Queen Street and the King Edward area, but below the citywide average. This indicates it represents a value proposition within its specific, desirable locale, especially when the lot size is considered.
5. Is there a recent sale history for this address?
Public records indicate a sale in September 2016. For the exact sold price and a detailed history, you can request the information directly via the listing page.