Property Overview: 136 Parkview Street, Bruce Park, Winnipeg
Key Characteristics & Appeal
This two-storey home in Bruce Park presents a compelling blend of space, modernity, and value within its context. Its key characteristic is its generous 1,703 sqft of living area, which ranks in the top 3% of homes on its street and is significantly above average for both the neighbourhood and the city. This substantial interior space is situated on a larger-than-average lot for the immediate area (5,424 sqft), offering valuable outdoor room. Built in 1987, the home is notably newer than most in historic Bruce Park, potentially meaning fewer concerns with aging infrastructure. A recently renovated basement and an attached garage add practical, modern comforts.
The appeal lies in securing a spacious, relatively modern home on a quiet street within an established neighbourhood. It suits buyers who prioritize interior square footage and a more contemporary build year over a century-old character home, but who still desire the mature setting of Bruce Park. It’s also a strong match for value-conscious buyers, as the home’s assessed value places it among the top-tier properties on its street, suggesting a solid investment relative to its immediate peers.
Frequently Asked Questions
1. How does the 1987 build year compare to the rest of Bruce Park?
Bruce Park is known for its many heritage and early-century homes. A 1987 construction date is well above average, placing this home in the top 6% for newness in the neighbourhood. This often translates to modern layouts, wiring, and plumbing systems.
2. The assessed value seems low. Is that accurate?
The assessed value of $41,500 is for municipal tax purposes and is not a market price. It is a relative metric, and in this case, it ranks in the elite top 5% on Parkview Street, indicating the city views this as one of the more valuable properties on the block compared to its neighbours.
3. What does the "Elite" ranking for living area actually mean?
The data shows that out of 271 comparable homes on Parkview Street, only 6 have a larger living area than this home’s 1,703 sqft. For a neighbourhood of primarily older, sometimes compact homes, this property offers exceptional interior space.
4. Is the lot size typical?
At 5,424 sqft, the lot is above average for Parkview Street itself (top 14%), providing more private outdoor space than many direct neighbours. It is closer to the average lot size when viewed across the wider Bruce Park area.
5. What is the significance of the recent sale in 2022?
The home sold for $40,500 in September 2022. This provides a recent market price benchmark, which can be useful for understanding trends, though current market conditions may differ.