Property Overview: 368 Queenston Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1941-built home in North River Heights presents a classic, compact footprint with a living area of 943 sqft on a 4,308 sqft lot. Its key appeal lies in its position as a relatively affordable entry point into a well-established, desirable neighbourhood. With an assessed value of $423k, it sits below the average for Queenston Street itself but aligns more closely with the broader area and city averages, suggesting a value proposition within this specific location.
The home’s smaller size and lot, while below area averages, translate to lower maintenance demands and potentially lower utility costs—a practical consideration for certain buyers. It suits first-time homebuyers seeking neighbourhood over square footage, downsizers looking to remain in the area without the burden of a larger property, or pragmatic investors interested in a character home in a stable market. A thoughtful perspective is that this property represents the "bones" of North River Heights; the value is in the location and the potential, whether that means living affordably in the community or making thoughtful updates over time.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
The living space is notably compact, ranking in the bottom 15% for size within North River Heights. This is a defining characteristic, making it one of the smaller homes in the neighbourhood.
2. Is the assessed value in line with recent sale prices?
The home sold in August 2022 for an estimated $400k-$450k. Its current $423k assessment aligns closely with that sale range, indicating a stable, market-reflective valuation.
3. What does the lot size mean for potential expansion or outdoor space?
At 4,308 sqft, the lot is smaller than many on the street and in the area. While it provides yard space, extensive expansions or additions may be limited compared to properties with larger lots.
4. How old is the home, and what should I consider given its age?
Built in 1941, the home is older than the city-wide average. Prospective buyers should budget for and investigate updates to major aging components like the roof, plumbing, wiring, and windows, which are common for homes of this era.
5. Where can I get verified historical sale data for this property?
The site notes that exact sold prices are not displayed publicly due to data source rules. They offer a manual lookup service; you can request the exact transaction history by email, which they will provide without using your contact information for marketing.