Property Overview: 264 Parkview Street, Winnipeg
Key Characteristics & Appeal
This 1989 four-level split on Parkview Street offers a practical layout with 1,158 sqft of living space and a renovated basement. Its living area is notably above average for both the immediate street and the broader King Edward neighbourhood, providing more interior space than many comparable local homes. The property features a detached garage and sits on a 2,709 sqft lot, which is compact relative to city-wide averages but typical for the area.
The primary appeal lies in its modern relative age and efficient use of space within a well-established neighbourhood. Built nearly four decades later than many area homes, it may appeal to buyers seeking a property with potentially fewer legacy maintenance issues than much older character homes. Its assessed value is positioned squarely in the middle of the local market, suggesting a straightforward valuation without premium or discount pressures.
This home would suit first-time buyers or downsizers looking for a move-in-ready property in a central neighbourhood without the footprint of a large lot to maintain. It’s a pragmatic choice for those who prioritize updated interiors and a newer build date over expansive outdoor space or a premium, top-tier assessment.
Frequently Asked Questions
1. How does the lot size impact the property?
At 2,709 sqft, the lot is smaller than the Winnipeg average but is fairly typical for King Edward. This means lower outdoor maintenance but limited space for extensive landscaping, additions, or detached structures beyond the existing garage.
2. What does the "above average" year built really mean?
Built in 1989, the home is newer than approximately 83% of properties on its street and in Winnipeg. This suggests systems (like plumbing and electrical) may be more modern than in the city's predominantly mid-century housing stock, potentially reducing immediate upgrade costs.
3. Is the assessed value high or low for what you get?
The assessed value is average for the street and neighbourhood, indicating the property is priced in line with local expectations. However, it is below the city-wide average, which often reflects the premium placed on larger lot sizes in other areas.
4. Who might the renovated basement appeal to?
The renovated basement adds flexible living space, which could be ideal for a home office, a separate family entertainment area, or accommodating guests. It enhances the overall livable square footage in a home where the main living area is already above average for the locale.
5. How does this home compare to nearby properties?
It offers more living space and a newer build year than many close neighbours and similar King Edward references. Its value proposition is interior space and modern construction rather than a large yard or a historic character, setting it apart from both older, smaller homes and newer, higher-assessed builds.