Property Overview: 319 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 319 Parkview Street presents a practical and affordable entry point into Winnipeg’s King Edward neighbourhood. Its key characteristics include a compact 760 sqft living area, a renovated basement, and a detached garage on a 2,711 sqft lot. Built in 1983, it is notably newer than many homes in the immediate area.
The appeal lies in its balance of modern updates and manageable scale. The renovated basement adds functional living space, while the newer build year suggests potentially fewer immediate major maintenance concerns compared to much older stock. The home’s assessed value is strong for the King Edward area, indicating it is viewed favorably relative to local peers.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance home. It’s for those who prioritize financial accessibility and a modernized interior over square footage. A thoughtful perspective is that its smaller size and lot represent lower utility costs and less upkeep, offering a simpler lifestyle rather than seeing it as a limitation.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 760 sqft, the living area is below average for the street, neighbourhood, and city. This makes it a more compact option, which is reflected in its positioning as an affordable, entry-level property.
2. Is the assessed value high for the area?
Yes. The assessed value ranks in the top 28% for the King Edward neighbourhood, meaning it is assessed higher than most comparable local homes. This can indicate desirable updates or conditions, but it's important to compare this to recent sale prices.
3. What does the sale history show?
The home sold recently in September 2024. Prior to that, it sold in June 2016. The increase in sale price range between those two dates shows appreciation over that eight-year period.
4. What are the less obvious considerations?
The lot size is smaller than average, which limits expansion possibilities but reduces yard maintenance. Also, being built in 1983 places it in an era with specific construction materials and styles; a thorough inspection is advised to understand the condition of components from that period.
5. Who are the closest neighbours?
The adjacent properties are all on Parkview Street, suggesting a consistent streetscape. The proximity of sales on the same street provides relevant data points for comparing value and understanding the local market dynamic.