Property Overview
This one-and-a-half storey home on Parkview Street in Winnipeg's King Edward neighbourhood presents a practical opportunity. Its key appeal lies in its renovated basement and a living space that is notably above average for both the street and the immediate area. With a detached garage and a 1918 build date, it offers classic character paired with some modern updates. The lot is compact, especially compared to city-wide averages, which translates to lower maintenance. This property would suit first-time buyers or downsizers looking for an efficient, move-in-ready home in a central, established neighbourhood without the upkeep of a large yard. It's less suited for those seeking extensive square footage or expansive outdoor space.
Key Details & FAQs
Key Characteristics & Appeal
- Home Features: A 1,154 sqft one-and-a-half storey house with a renovated basement and a detached garage. There is no pool.
- The Appeal: The primary draw is the efficient use of space. The living area is generous for King Edward (ranking in the top 17% locally), and the renovated basement adds functional living space without the need for a major project. The compact, 2,709 sqft lot offers a manageable outdoor area.
- Ideal Buyer: This home is a strong match for pragmatic buyers—like first-time homeowners or empty-nesters—who value a central location, character, and low-maintenance living over a large property footprint. Its assessed value is very typical for the local area, suggesting a stable, predictable investment within the community context.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,154 sqft, the living area is larger than most homes on Parkview Street and in the broader King Edward neighbourhood, ranking in the top 23% and 17% respectively. It is a comfortably sized home for the area.
2. Is the lot size a concern?
The lot is 2,709 sqft, which is smaller than many city-wide properties but fairly typical for King Edward. This is a benefit for buyers seeking minimal yard maintenance, but a consideration for those dreaming of extensive gardens or large outdoor additions.
3. What does the assessed value tell us?
The assessed value of $25,300 is squarely average for both the street and the King Edward neighbourhood. This indicates the property is priced consistently within its local market, not as an outlier.
4. The home was built in 1918. What should I consider?
While the structure is over a century old, the renovated basement shows some updates have been made. A thorough inspection is always recommended for homes of this age to understand the condition of core systems like plumbing, electrical, and the foundation.
5. Where can I find exact historical sale prices?
Exact sold prices are not publicly displayed in detail. The listing service offers to provide this precise history via email upon request, which can be useful for understanding market trends for this specific property.