Property Overview: 369 Queenston Street, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1937, situated on a standard city lot in North River Heights. Its primary appeal lies in its strong value proposition within a desirable, established neighbourhood. At 975 sqft, the living space is notably smaller than most homes on its street and in the area, positioning it as a more manageable and potentially affordable entry point into the community. Despite its modest size, the property carries an assessed value that is above average for both the wider city and North River Heights, suggesting the location and lot itself contribute significant worth.
This home would best suit first-time buyers or downsizers seeking neighbourhood prestige without a large, high-maintenance house. It’s a practical choice for those who prioritize location over square footage and may be comfortable with a renovation project, given the home's age. A less obvious perspective is that its smaller scale on a decent lot offers flexibility—it could be a long-term home for a minimalist lifestyle or, in the future, present a redevelopment opportunity for the lot, which is a key part of its underlying value.
Frequently Asked Questions
1. Is the house in need of major updates?
Given it was built in 1937, buyers should budget for updates common to homes of that era, such as plumbing, electrical, or insulation. A thorough inspection is essential to understand the condition and any immediate needs.
2. Why is the assessed value relatively high for a smaller home?
The assessment reflects more than just the house. It captures the premium for the North River Heights location, the value of the 4,307 sqft lot, and the overall desirability of the area. The land itself represents a substantial portion of the property's total value.
3. How does the recent sold price compare?
Records show it sold between $400k-$450k in May 2023. This sale price range was above the city-wide average at the time, reinforcing that properties in this neighbourhood often command a premium, even when smaller in size.
4. What is the neighbourhood like for day-to-day living?
North River Heights is a mature, sought-after area known for its tree-lined streets, character homes, and convenient access to amenities, parks, and major routes. This property offers full access to that lifestyle.
5. Where can I get verified historical data on this property?
The exact sale history and figures are not published online due to industry regulations. You can request the full transaction history and exact sold prices directly via email from the site, which will provide a manual lookup.