Property Overview: 302 Queenston Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,654 sqft home, built in 1940, presents a solid and above-average offering in the desirable North River Heights neighborhood. Its primary appeal lies in its strong value proposition: the home's assessed value of $530,000 ranks consistently above average for its street, neighborhood, and the entire city, suggesting a premium valuation for its location and characteristics. The living space is comfortably above the city-wide average, offering more room than many Winnipeg homes.
The property suits buyers seeking a well-established neighborhood with a proven value footprint. It’s ideal for those who prioritize interior space and assessed value over a large yard, as the 4,307 sqft lot is smaller than most in the immediate area. A thoughtful perspective is that this home represents a classic "trade-off" scenario: you are acquiring a desirable address and a home with above-average valuation metrics, but likely accepting a more compact lot and the maintenance considerations that come with an 86-year-old structure. It would particularly suit a buyer less concerned with extensive gardening and more focused on interior space and neighborhood prestige.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold in December 2019 for between $350,000 and $400,000. The current assessed value of $530,000 is significantly higher, reflecting market changes and the city's valuation. Exact sale figures can be provided upon request.
2. Is the lot size a disadvantage?
While the land area is below average for North River Heights, it is closer to the city-wide average. This means less yard maintenance but also less private outdoor space compared to some neighbors. It depends on your lifestyle preferences.
3. What does the "above average" assessed value ranking mean for property taxes?
A higher assessed value typically leads to higher property taxes, as taxes are calculated based on this value. While it indicates the city views the property favorably, buyers should budget for tax bills commensurate with a top 15-25% assessment city-wide.
4. Are homes from 1940 a concern?
The year built (1940) is older than most city homes. This suggests potential for classic charm and sturdy construction, but also means buyers should pay close attention to the condition of major systems (roof, plumbing, wiring) and anticipate maintenance needs specific to older homes.
5. What can the nearby property listings tell me?
The nearby listings on Queenston Street show very close proximity to other homes, confirming a mature, established streetscape. The provided "for reference" properties on other streets highlight the value range in North River Heights, showing that this home's assessment is at the higher end for the area.