Property Overview
365 Queenston Street is a character home built in 1931, offering a unique position in the Winnipeg market. Its key appeal lies in its relative affordability within the desirable North River Heights area, presenting a value-oriented entry point. The home is notably compact at 981 sq ft, which is smaller than most comparables on its street and in the neighbourhood. However, its assessed value of $402k sits closer to the city-wide average, suggesting you are paying more for the location than for square footage. The lot size is also modest for the area. This creates a specific proposition: a chance to own a classic home in a well-regarded neighbourhood, ideal for those who prioritize location and character over sheer space, and who may see potential in a smaller, more manageable property.
This home would best suit a first-time buyer, a downsizer, or an investor looking for a character property in a stable area. Its smaller size means lower utility costs and less maintenance, which can be a hidden benefit. A thoughtful buyer might see the below-average living area not just as a limitation, but as a catalyst for efficient, creative design. It’s a property for someone who values community and established streetscapes over a large private footprint, and who is comfortable with the upkeep considerations of a 95-year-old home.
Frequently Asked Questions
1. Is this home a good value for the area?
The data suggests it is a value-conscious option for North River Heights. While its assessed value is below the neighbourhood average, you are acquiring a smaller, older home. The value is in securing a location in a sought-after area at a lower price point than larger, updated homes on the same street.
2. What should I know about the smaller living space?
At 981 sq ft, the living area is significantly below the local average. This suits a minimalist lifestyle or a small household. It emphasizes the importance of efficient layout and may limit multi-functional rooms. Viewing the property in person is essential to see if the space meets your needs.
3. How does the lot size impact the property?
The 4,307 sq ft lot is below average for North River Heights. This typically means a smaller backyard and potentially less privacy from neighbours compared to other homes in the area. For some, this translates to less yard maintenance, which can be a positive.
4. What are the implications of the home's age (1931)?
A home of this age offers charm but requires diligent maintenance. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation. A thorough pre-purchase inspection is highly recommended to understand the condition.
5. The sold price data shows a range. How can I get the exact figure?
The exact sold price from June 2023 is not publicly displayed due to data licensing rules. You can request the precise sales history by emailing the site directly via the "Request exact figures by email" button. They provide this verified data manually at no cost.