Property Overview
182 Parkview Street is a well-situated one-storey home in Winnipeg's Bruce Park neighbourhood. Built in 1949, it sits on a generous 5,425 sqft lot, which is notably larger than most on its street. The home itself offers 1,222 sqft of living space, which is above average for the immediate area, and features a renovated basement and a detached garage.
Its appeal lies in a combination of space, location, and value. The lot size offers rare potential for expansion, gardening, or outdoor living in this established area. The home’s recent sale price in 2023 significantly exceeded its assessed value, indicating strong market confidence and potential for continued value growth. The renovated basement adds immediate functional living space.
This property would suit a buyer looking for a solid, character home in a mature neighbourhood who values a larger-than-average yard. It’s ideal for someone with future renovation or expansion plans, or for a household needing the flexibility of a finished basement. It also represents a prudent choice for a value-conscious buyer seeking a home with a track record of strong resale performance.
Frequently Asked Questions
How does the lot size compare practically?
The lot is in the top 9% on Parkview Street, meaning it’s significantly larger than most neighbours'. This provides more privacy, room for additions like a deck or shed, and simply more usable outdoor space.
The home was built in 1949. What should I consider?
While the basement is renovated, the core structure is 77 years old. A thorough inspection is key to understand the condition of major aging components like the roof, plumbing, and electrical systems, which may need attention or updating.
Why was the 2023 sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the market. The sale price reflects what buyers were actually willing to pay, likely due to the home's desirable lot size, renovated basement, and overall condition in a sought-after location.
What does "above average" for the street but "around average" for the neighbourhood mean?
It means this home stands out positively on its specific street, particularly for lot and living space size. In the broader Bruce Park area, it's more in line with typical homes, suggesting you're getting a better-than-average property on a street that may be quieter or more uniform than others nearby.
Is the detached garage a pro or a con?
It offers flexibility for storage, a workshop, or parking without consuming main house square footage. However, it requires separate maintenance and means going outside to access your vehicle, which can be a consideration during Winnipeg winters.