Property Overview: 295 Queenston Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 295 Queenston Street is a classic North River Heights property built in 1931, offering a blend of established neighbourhood character and practical metrics. With 1,425 sqft of living space, it sits comfortably within the average range for the area, providing a manageable footprint for day-to-day living. Its assessed value of $481,000 is notably above the Winnipeg city-wide average, reflecting the enduring desirability of the neighbourhood, though it is positioned around the average for Queenston Street itself.
The appeal here is one of stability and location. The lot, at 4,307 sqft, is smaller than many in the immediate vicinity, which could mean less maintenance and a more community-focused streetscape. A thoughtful perspective is that this property represents a "value-consistent" entry into a prime neighbourhood—you're paying for the community and location rather than an oversized lot or a recently built home. It last sold in 2016 for between $300,000 and $350,000, indicating significant equity growth over that period.
This home would suit buyers seeking an established, character neighbourhood without the upkeep of a massive yard. It’s ideal for professionals, small families, or downsizers who prioritize walkability, mature trees, and a central Winnipeg location over a brand-new build or extensive private outdoor space.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
The land area is below average for both Queenston Street and North River Heights. In practice, this typically translates to a smaller backyard and potentially less exterior maintenance, which can be a benefit for those seeking a lower-maintenance property in a coveted area.
2. The home was built in 1931. What should I consider?
While the neighbourhood average build year is around the late 1930s to 1940s, a 1931 home is part of the area's early fabric. This suggests potential for classic architectural charm but warrants a thorough inspection for updates to major systems like wiring, plumbing, and insulation to meet modern standards.
3. The assessed value seems high city-wide but average locally. Why?
The $481,000 assessment is above the Winnipeg average, underscoring North River Heights as a premium area. That it's average for the street indicates you're looking at a typical, not an outlier, property for this specific desirable block, offering a benchmark for value.
4. What does the 2016 sale price tell us?
The prior sale in the $300k-$350k range shows substantial appreciation in assessed value over eight years. This highlights strong market growth in the area but is not a direct indicator of current market price, which can be higher or lower than the assessed value.
5. Where can I get verified historical sale data?
The site's data is compiled from public records. For fully verified and exact sale figures, including MLS history, you must request a manual lookup via email from the service, as industry rules prevent displaying that data directly on the site.