Property Overview: 239 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1913, presenting a classic entry point into Winnipeg’s King Edward neighbourhood. Its key characteristics are defined by its modest scale and value-focused positioning. With 805 square feet of living space and an unfinished basement, it offers essential living space without excess. The lot size of 2,709 sqft is typical for the immediate area.
The primary appeal lies in its affordability and potential. The home’s assessed value is notably below averages for its street, neighbourhood, and the wider city, suggesting a lower property tax burden and an accessible price point. It last sold in 2019 for a modest sum, reinforcing its status as a value proposition. This property would suit first-time buyers, investors, or downsizers seeking a straightforward, low-maintenance footprint in a central location. Its appeal is for those who prioritize financial accessibility and location over move-in-ready finishes or spaciousness, and who may see value in the opportunity to customize the basement over time. A less obvious perspective is that a home of this age and size on a standard lot offers a rare chance to own a standalone house with future redevelopment potential, which is increasingly uncommon in the city core.
Section 2: Frequently Asked Questions
1. What is the true size and condition of the property?
The home is 805 sqft with an unfinished basement. Being built in 1913, buyers should budget for updates and a thorough inspection to understand the condition of major systems like wiring and plumbing.
2. How does the assessed value affect property taxes?
With an assessed value significantly below city and neighbourhood averages, the municipal property tax bill for this home is likely to be comparatively low, which is a key ongoing cost advantage.
3. What does the "below average" ranking for living area mean?
This means the home is smaller than most comparable houses in Winnipeg. It’s efficient and affordable but offers less interior space than the typical city home, which is an important consideration for growing families or those needing home offices.
4. Is there potential to increase the living space?
The unfinished basement presents the most immediate opportunity to add functional space. The standard lot size also allows for future expansion possibilities, subject to local zoning and bylaws.
5. Why is the last sold price from 2019 so low?
The 2019 sale price reflects the home’s modest size, age, and condition at that time. It underscores the property's history as an affordable entry-point home, and any current listing price should be evaluated against recent market conditions and comparable sales.