Property Overview
178 Queenston Street is a 1,530 sqft home built in 1927 on a 4,212 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $424k, it presents a specific value proposition shaped by its context and characteristics.
Key Characteristics & Appeal
This home's primary appeal lies in its efficient use of space and its position within a desirable, established neighbourhood. While its living area is comfortably average for both the street and the area, it stands out as above average compared to the wider city, offering a practical footprint without excess. The assessed value is notably below average for Queenston Street itself, suggesting a potentially more accessible entry point into this sought-after location compared to neighbouring properties.
The home suits two main types of buyers: first, those seeking character and location over sheer lot size, as the property sits on a smaller lot typical of older, central neighbourhoods. Second, it appeals to value-conscious buyers looking for a home in North River Heights without the premium price tag often associated with larger lots or more recently updated homes on the same street. A less obvious perspective is that a smaller lot can mean lower maintenance costs and less yard work, which can be a practical advantage. Its 1927 vintage offers the charm of a classic build but warrants a close look at the condition of major systems and potential for updates.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $424k is for municipal tax purposes and is typically a conservative figure. Recent sold prices on the street indicate a range between $400k and $450k, which serves as a more direct market comparison.
2. What are the implications of the smaller lot size?
At 4,212 sqft, the lot is smaller than most on Queenston Street and in North River Heights. This means less outdoor space for gardening or expansion, but it also translates to lower property taxes and potentially easier upkeep—a trade-off for the central location.
3. Is the living space adequate for a family?
At 1,530 sqft, the living area is very close to the neighbourhood average (1,540 sqft) and is above the city-wide average. It provides a standard amount of space for a family, but the layout and number of bedrooms (not specified in the data) would be key factors to consider.
4. What should I consider with a home built in 1927?
A home of this age likely has classic character but requires careful attention to the condition of foundational elements, the roof, wiring, plumbing, and windows. A thorough inspection is essential to budget for any necessary updates or repairs.
5. How can I get the exact past sale price for this home?
The exact sold price is not publicly displayed due to industry regulations. You can request the full transaction history by emailing the site directly; they will provide the verified figures manually at no cost.