Property Overview: 119 Parkside Drive, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Bruce Park, built in 1946, presents a compelling blend of established character and modern updates. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its efficient use of space and its strong value proposition within a desirable neighbourhood.
With 1,440 sqft of living area, the home offers comfortable, above-average space for the immediate area. The lot, at 4,250 sqft, is smaller than many in Bruce Park but represents a lower-maintenance yard—a potential perk for busy professionals or those looking to minimize outdoor upkeep. A thoughtful perspective is that this property, while not the largest on the street, is one of the most original, boasting the earliest build year on Parkside Drive. This can appeal to buyers who appreciate classic construction and the potential for thoughtful modernization.
The data tells a clear story of solid investment and value. The home’s assessed value ranks well above average for the street, neighbourhood, and city, and its sale price in 2023 was also above average across all these comparisons. This suggests the property is perceived as a premium offering within its context. It would suit first-time buyers or downsizers seeking an established, character-filled neighbourhood without the burden of a massive lot, and value-conscious buyers who recognize the financial upside of a home that outperforms its local benchmarks.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the land area is below average for Parkside Drive, it is around the city-wide average. This translates to less yard maintenance, which can be a significant advantage for many lifestyles. The focus here is on the home and its efficient footprint.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and finishes are not detailed. This is a key question for a viewing, as it could range from basic moisture-proofing and drywall to a fully finished recreational space or suite.
3. How does the 1946 build year affect the home?
As the oldest home on the street, it features classic construction. Buyers should prioritize a thorough inspection to understand the condition of original elements like plumbing, wiring, and the foundation, while also viewing its vintage as a mark of enduring quality and charm.
4. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed values (here, $50.50k) are for tax purposes and often lag behind market values. The 2023 sale price of $500k is a far more accurate reflection of the home’s current market worth.
5. What is the neighbourhood feel of Bruce Park?
The home’s value ranking well above the neighbourhood average indicates Bruce Park is a sought-after area. The close proximity of similar-valued homes on different streets suggests a community of well-maintained, desirable properties, likely offering stability and a strong sense of place.