Property Overview: 194 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Bruce Park presents a unique profile defined by striking contrasts. Its primary appeal lies in its new construction, being built in 2024, which places it in the top 1% of homes for age on its street, in the neighbourhood, and citywide. This offers a move-in-ready condition with modern building standards. The property sits on a 3,579 sqft lot, which is around average for Parkview Street, providing decent outdoor space in a mature area.
However, the living space is compact at 848 sqft, which is below average for all comparison levels. This creates a specific dynamic: you are acquiring a new, low-maintenance structure on an established lot. The detached garage adds practical storage or workshop potential. The unrenovated basement presents a blank canvas for future expansion.
This property would suit a first-time buyer, downsizer, or investor seeking a modern, efficient home without the upkeep of an older house. It’s for someone who prioritizes new systems and interior condition over square footage, and who sees potential in the basement and lot. A thoughtful perspective is that the high assessed value relative to the street suggests the new construction is highly valued officially, but the modest living area means your investment is heavily weighted toward the land and the "newness" factor rather than spaciousness.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. It is included as unfinished space, offering potential for future customization or storage.
2. How does the property's value compare to the area?
Its assessed value is above average for Parkview Street but around average for the broader Bruce Park neighbourhood. This is likely due to its new construction, as older homes on the street have a lower average assessed value.
3. What does the "below average" living area ranking mean practically?
With 848 sqft of living area, the home is smaller than most in Bruce Park and Winnipeg. The floor plan is efficient, making it best suited for individuals, couples, or small families.
4. The home is new, but is the neighbourhood established?
Yes. Bruce Park is an established neighbourhood with older homes (average year built around 1940-1950). This property is a notable exception, offering new construction in a mature setting.
5. What was the previous sale history?
The home last sold in May 2016 for $150,000. The current listing follows a complete rebuild, meaning the 2024 structure is entirely new.