Property Overview: 240 Queenston Street, Winnipeg
Key Characteristics & Appeal
This home at 240 Queenston Street in North River Heights is a compact, character property built in 1927. Its key characteristic is its modest 920 sqft living area, which is notably smaller than most homes on its street and in the wider neighbourhood. This is balanced by a decently sized 4,319 sqft lot that is closer to the local average. With an assessed value of $397k, it sits below the average for North River Heights but aligns more closely with the typical Winnipeg home.
The primary appeal lies in its position within a desirable, established neighbourhood at a relatively accessible price point. It represents an opportunity to enter a sought-after area without the premium typically attached to larger homes on the same blocks. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a prime location. A thoughtful perspective is that the smaller interior space is offset by the potential of the lot, offering room for gardening, outdoor living, or future expansion (subject to approvals), which is a valuable asset in a mature neighbourhood.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $397k is for municipal tax purposes. While it provides a benchmark, the final sale price is determined by the market. Recent sold data suggests homes here transact within a competitive range, but a professional appraisal or comparative market analysis is recommended for accuracy.
2. How does the smaller living area impact livability and value?
At 920 sqft, the home is functionally smaller than many in the area, which is reflected in its lower assessment compared to neighbourhood averages. This may appeal to those seeking efficiency and lower utility costs, but buyers should ensure the layout meets their spatial needs.
3. What are the implications of the home's age (built in 1927)?
A home of this age likely possesses character but may also require careful attention to aging components like plumbing, electrical, and the foundation. A thorough home inspection is essential to understand the condition and any potential upcoming maintenance or updates.
4. The data shows the lot size is "around average" for the street. Is that an advantage?
Yes. While the house itself is smaller, the lot of over 4,300 sqft is a significant asset. It provides outdoor space that is less common in newer developments and offers flexibility that smaller lots do not, contributing to the property's long-term value.
5. Where can I find verified past sale prices for this home?
The provided data notes that exact sale figures are not displayed publicly on this site due to industry rules. You can request the full transaction history and exact past sale prices by emailing the site directly for a manual lookup.