133 Parkview Street

Property Overview: 133 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Bruce Park is defined by its generous, above-average lot size of over 5,400 sq ft, placing it in the top 6% for land area on its street. Built in 1980, it is a newer construction compared to many homes in the established neighbourhood. The home features 1,120 sq ft of living space and includes a renovated basement and a detached garage.

Its primary appeal lies in the combination of a substantial, private yard—a relative rarity—and the low-maintenance convenience of a single-level layout. The renovated basement adds valuable finished space for flexibility. The property’s assessed value consistently ranks above average for its immediate street, suggesting a solid standing in the local market.

This home would best suit first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space. It’s also a practical choice for those who value a newer building foundation compared to the city’s older housing stock, and for buyers who see potential in a large lot for future gardening, expansion, or simply added privacy in a mature area.

Section 2: Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 5,426 sq ft lot is significantly larger than most on Parkview Street (top 6%) and is above the average for the broader Bruce Park neighbourhood. This is one of the property's standout features.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. This detail should be clarified by a viewing or direct inquiry to understand the quality and layout of the additional space.

3. Is the 1980 build date an advantage?
Potentially, yes. It means major systems like plumbing and electrical are likely newer than in many pre-1950s homes common in the area, potentially reducing near-term repair concerns. However, a professional inspection is still advised.

4. The assessed value seems low. What does this mean?
The assessed value (for municipal tax purposes) is not the market value. The fact that it sold for close to its assessed value in early 2022, and that this value ranks well on its street, indicates the property is consistently valued in line with its immediate peers.

5. Who might this property not suit?
Buyers requiring extensive main-floor living space may find the 1,120 sq ft layout compact. Those seeking a modern, turn-key home should note that while the basement is renovated, the main floor may require updates. It may also not fit buyers prioritizing an attached garage, especially in winter.