Property Overview: 317 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Parkview Street is a classic Winnipeg character property, built in 1918. With 1,170 square feet of living space, it offers more room than many comparable homes in both the immediate area and the broader King Edward neighbourhood. Its appeal lies in its established location and the relative space it provides for its assessed value tier. The home features a detached garage and a full, unrenovated basement, presenting a canvas for customization.
The property is best suited for a specific type of buyer. It would appeal to a value-conscious purchaser, perhaps a first-time homebuyer or an investor, who is comfortable with a home of this vintage and sees potential in its existing structure. The unrenovated basement and the home's age suggest it's ideal for someone with renovation plans or who prefers to update a property gradually to their own taste. Importantly, while its size is above average for the local area, its assessed value is modest compared to the Winnipeg city-wide average, indicating it sits in a more affordable pocket of the market.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with full-height ceilings and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. It's a common architectural style for Winnipeg homes of this era.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not market value. Its lower city-wide ranking primarily reflects the home's age and the modest valuation of properties in this specific area compared to newer or more affluent neighbourhoods across Winnipeg.
3. Is the unrenovated basement a concern?
Not necessarily as a defect, but it is a key consideration. It means the mechanical systems, insulation, and finishes are likely original or outdated. This represents both a current cost-saving on the purchase price and a future opportunity (or expense) to modernize the space to your needs.
4. How does the lot size impact future plans?
At just over 3,250 sq ft, the lot is smaller than the Winnipeg average but typical for the central neighbourhood. This is sufficient for a garden and patio but may limit additions like a large garage or extensive exterior structures, depending on zoning bylaws.
5. The home last sold in 2019. What can be inferred from that?
The sale six years ago suggests the current owners have not held the property for an exceptionally long time. This could indicate a lifestyle change, an investment property being turned over, or that the owners undertook some improvements during their ownership. Reviewing any listing details from that time could provide useful context.