Property Overview: 284 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Parkview Street in King Edward presents a classic Winnipeg character home built in 1918. Its key appeal lies in its generous living space of 1,549 sq ft, which ranks within the top 4% of homes on its street and top 2% within the desirable King Edward neighbourhood. This means it offers significantly more interior room than most comparable local properties. The home features a detached garage and a full, unrenovated basement offering potential for future customization.
The property’s strength is its location and spacious interior relative to its peers, rather than its lot size or recent construction. The land is modest for the city but typical for the area. Its assessed value is above average for King Edward, suggesting it is well-regarded in a sought-after neighbourhood. This home would suit a buyer looking for established character in a prime central location, who values interior square footage over a large yard and sees potential in a home with original features and a basement awaiting their personal touch. It’s a solid option for those wanting to get into a top neighbourhood where the home itself offers room to grow or tailor over time.
Section 2: Frequently Asked Questions
1. How does the living space compare practically?
At 1,549 sq ft, the living area is notably larger than the average home in King Edward (which averages about 952 sq ft). This suggests a very spacious main and second floor compared to many character homes in the area, potentially offering more bedrooms or larger common rooms.
2. What does the "unrenovated basement" imply?
The listing specifies the basement exists but is not renovated. Buyers should budget for potential moisture-proofing, insulation, framing, and finishing to create comfortable living or storage space. It represents both a future cost and a blank canvas.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($29.4k) is for municipal tax purposes. Recent sold price data shows the home traded between $26.5k-$29.5k in 2020. The current market value will depend on present condition and market trends, but this history provides a recent benchmark.
4. How does the lot size affect the property?
The land area of 2,710 sq ft is below the street and city averages. This means a smaller backyard and potentially less outdoor private space than some, but it is a common trade-off for a larger home on a mature, central street.
5. What is the significance of the home’s rankings within the neighbourhood?
The rankings show the home’s living space is elite for King Edward, while its age and lot size are average for the area. This highlights that you are purchasing a top-tier interior footprint within the neighbourhood, not necessarily a property with standout land or modern construction.