75 Queenston Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1919 home with 1,800 square feet of living space on a 4,300-square-foot lot, currently assessed at $655,000. Its strongest selling point is value relative to the broader market. Citywide, the assessed value ranks in the top 5% of comparable homes, while the living area also sits well above average (top 17%). On its own street, it performs even better in terms of value—ranking in the top 11%—but the land and year built are both below street averages. The neighbourhood (Wellington Crescent) is a high-value area, and this home comes in around average for the neighbourhood on both value and living area. In short, it offers above-average space and assessed worth for the city, but on a smaller-than-typical lot for its street and neighbourhood, and with an older build date than most nearby homes.
The appeal lies in getting more house for your money within an established, likely desirable neighbourhood, without paying a premium for a large lot. It would suit a buyer who values interior space and a solid citywide investment over a sprawling yard or a recently renovated structure. Someone willing to take on an older home in a good location—perhaps with an eye toward gradual updates—would find this property a strong fit. It is less suited to buyers seeking a turnkey modern build or those who prioritise outdoor space.
Five Possible FAQs
1. How does the smaller lot size affect the home’s value or usability?
The lot is below average for both the street and the Wellington Crescent area. Citywide, it is around average. This keeps the purchase price lower relative to neighbours with larger properties, but it also means less outdoor space. If you are not looking for a large garden or yard, this may not be a drawback.
2. Is the 1919 build a concern for maintenance or insurance?
It is older than most homes on its street and in the city. Older homes can have better construction quality but may also require updates to electrical, plumbing, or insulation. Insurance rates can be slightly higher for older properties, but this varies by provider. A thorough home inspection is advisable.
3. How does this home compare to others in Wellington Crescent?
Within the neighbourhood, it is around average in assessed value and living area, but below average in land size and age. That means you are paying a fair neighbourhood price for the interior space, without the premium for a large lot or a newer build. It is a more understated entry point into a high-end area.
4. What does “top 5% citywide” for assessed value actually mean?
It means that out of nearly 200,000 comparable homes in Winnipeg, this property’s assessed value ranks in the top 5%. This is a strong indicator of relative market worth. It does not guarantee resale value, but it suggests the home is considered above average by the city’s assessment standards.
5. Are there any notable trends in this street or neighbourhood for resale?
The street has a high average assessed value (top 11% locally), and the neighbourhood overall sits in a higher price bracket. Homes on smaller lots or with older builds in this area often appeal to buyers who want the location without the highest price tag. Resale will likely depend on how well the interior is maintained, rather than on lot size or age alone.