Property Overview
495 Queenston Street is a 986 sqft bungalow built in 1953, situated on a 4,309 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $426,000, it presents a specific value proposition defined by its context.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary characteristic is its compact size relative to its surroundings. At under 1,000 sqft, its living area is notably smaller than most homes on its street and in the established North River Heights area. This creates a distinct dynamic: the assessed value sits comfortably in the average range for the desirable neighbourhood, suggesting you are paying for location more than square footage. The lot size is manageable, and the 1953 build date is actually newer than many homes in this specific area, potentially implying fewer immediate heritage-related upkeep concerns than much older neighbours.
The appeal lies in securing a foothold in a prime, mature neighbourhood without the premium for a larger house. It suits pragmatic first-time buyers or downsizers who prioritize location, community, and a smaller footprint over spacious interiors. It could also appeal to an investor or handy buyer seeing potential in a home that, while livable, may benefit from updates over time. A less obvious perspective is that its smaller size and average valuation might offer relative property tax savings compared to larger homes on the street with similar market values.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the $426,000 assessment is a municipal benchmark, recent sold price data suggests market value can vary. Nearby sales indicate a range, but for exact historical sale figures of this property, a manual lookup is required.
2. How does the smaller living area impact daily living?
The home is functionally smaller than many in North River Heights. This emphasizes efficient use of space and may mean fewer or cozier rooms. It’s ideal for those comfortable with a simpler layout but could feel constrained for those needing multiple large living areas.
3. What are the implications of the home being "newer" than area averages?
Built in 1953, the home is younger than many in North River Heights. This could mean building components (like wiring or plumbing) are a generation newer than in pre-war homes, though a full inspection is still essential to determine current condition and update needs.
4. What is the neighbourhood like, and what amenities are nearby?
North River Heights is a mature, established neighbourhood known for its tree-lined streets, character homes, and central location. It typically offers convenient access to parks, schools, shopping, and major routes.
5. How does the lot size compare, and what are the landscaping implications?
At 4,309 sqft, the lot is slightly below the area average but still provides decent outdoor space. It is a manageable size for gardening and maintenance, potentially appealing to those who want a yard without the upkeep of a much larger lot.