152 Parkview Street

Property Summary: 152 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 152 Parkview Street is a modern property built in 2020, offering a move-in-ready foundation with a renovated basement. Its primary appeal lies in its newness within an established neighbourhood, providing contemporary systems and minimal immediate maintenance in a mature setting. With a living area of 942 sqft, it is a compact and efficient home, suitable for first-time buyers, downsizers, or investors seeking a modern, low-maintenance property.

The land size is modest for the Bruce Park area, which may appeal to those who prefer less yard upkeep. A key, less obvious perspective is its strong assessed value ranking on its street and in the neighbourhood, suggesting it is viewed as a substantial asset relative to nearby, often older, homes. This property suits pragmatic buyers looking for modern construction without the premium of a brand-new subdivision, and who value a renovated basement for extra space over features like a garage or pool.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 2020, is newer than approximately 95-98% of comparable properties on its street, in Bruce Park, and across Winnipeg. You are purchasing one of the newest homes in the area.

2. Is the living space sufficient for a family?
At 942 sqft, the living area is below the neighbourhood average. It would suit a small family, a couple, or an individual comfortably. The renovated basement provides crucial additional flexible space.

3. Why is the assessed value higher than the last sale price?
The home was last sold in 2020, likely near its completion. The current assessed value of $37.5k reflects its established value in today's market and its strong standing compared to area averages.

4. What are the implications of having no garage?
This means parking is limited to driveway or street. This is a trade-off for the modern build and lower maintenance, and is a common feature in older neighbourhoods. Buyers should consider their vehicle storage and winter parking needs.

5. How does the land size affect this property?
The lot is around average for Parkview Street but below average for Bruce Park. This typically means less outdoor maintenance and gardening, which aligns with the home's low-maintenance, modern appeal, but offers less private outdoor space than some neighbouring properties.