Property Overview: 246 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Parkview Street in King Edward is a compact, no-frills property built in 1918. Its key characteristic is its exceptionally low assessed value, which places it in the bottom 3% of homes in the area and citywide. With 718 sqft of living space and a 2,709 sqft lot, it is notably smaller than area averages. The basement exists but is not renovated, and the property has no garage or pool.
The appeal lies squarely in its position as a minimal-entry point into the Winnipeg housing market. It suits buyers with very limited budgets seeking a straightforward project, or investors looking for an affordable rental property with fundamental utilities. Its small size and lot also mean lower property taxes and potentially manageable upkeep costs. A less obvious perspective is that its age and established location might offer more character and mature tree coverage than newer, sparse developments, despite the need for updates.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's smaller size, age, and lack of recent renovations compared to most homes in Winnipeg. It is priced as a basic, entry-level asset.
2. What does "basement, not renovated" typically mean?
It indicates the basement is unfinished or in original condition, likely suitable for utilities and storage only, not as living space, and may require moisture management or updating.
3. Who would this property be most suitable for?
It is best suited for budget-conscious first-time buyers comfortable with a major fixer-upper, or for investors seeking a low-cost rental with understanding tenants.
4. How does the lot size affect potential use?
At just over a quarter of an acre, the lot is smaller than average but may still allow for a modest garden or patio. Expansion or major additions would be limited by space.
5. Are the sold price ranges provided the exact selling prices?
No, the listed prices are estimated ranges from public data. The exact sale price history can be requested directly from the site via email.