Key Characteristics & Ideal Buyer Profile
This 1929 home at 118 Queenston Street offers 1,710 sq. ft. of living space on a 4,300 sq. ft. lot. Its appeal lies in a balanced profile: the living space is larger than average for both its street (top 33%) and the city overall (top 21%), giving it a spacious feel relative to many Winnipeg homes. However, it sits on a smaller lot compared to its immediate neighbours, especially within the Wellington Crescent area (bottom 76%), and its assessed value of $456,000 is notably below the community average of $806,000.
This creates a specific opportunity. The property suits buyers who value interior square footage over a large yard. It's a good fit for someone looking for a character home from the late 1920s in a well-regarded area, without paying a premium for the larger, more expensive lots typical of the neighbourhood. It may also appeal to those who see value in a home that is assessed below the community norm, potentially indicating a lower entry point into the Wellington Crescent area.
Five Possible FAQs
1. How does the living space compare to other homes in the area?
At 1,710 sq. ft., the home is slightly above average for its own street (average 1,598 sq. ft.) and well above the city-wide average (1,342 sq. ft.). It is, however, smaller than the typical home in the broader Wellington Crescent community, where the average is 2,343 sq. ft.
2. The lot is listed at 4,300 sq. ft. Is that considered small?
Yes, relative to its immediate surroundings. It's in the bottom 10% on Queenston Street and the bottom 24% in the Wellington Crescent area, where lots average nearly 9,500 sq. ft. City-wide, the lot size is fairly typical, sitting near the average of 6,570 sq. ft.
3. The home was built in 1929. What does that mean in terms of age compared to others?
It is older than the average home on its street (built around 1947) and older than the city average (1966). However, within the Wellington Crescent community, where the average build year is 1940, a 1929 home is fairly common and in line with the area's character.
4. How does the assessed value of $456,000 relate to the neighbourhood?
The assessment is significantly below the Wellington Crescent community average of $806,000. It is also slightly below the Queenston Street average of $495,000. City-wide, it sits above the average of $390,000. This suggests the home is a relatively affordable entry point into a higher-value area.
5. Is this a good property for someone who wants a large, private yard?
Probably not. The land area is below average for all three comparison ranges (street, community, and city). A buyer who prioritises outdoor space or a large garden may find the lot limiting, especially given the spacious lots common on neighbouring properties.