320 Parkview Street

Property Overview: 320 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1918, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. With 1,040 sqft of living space, it offers a practical footprint that is competitively sized for both its immediate street and the broader area. The home features a basement, but it is noted as not being renovated, and the property does not include a garage or pool.

The primary appeal lies in its position as a straightforward, no-frills property in a central location. Its assessed value is notably below the city-wide average, suggesting a potentially accessible entry point into the market. The lot, while smaller than many across Winnipeg, is reasonably sized for the neighbourhood. This property would suit a pragmatic first-time buyer, an investor looking for a rental property, or a hands-on individual who sees potential in a home that hasn't been modernized. It’s a canvas for someone comfortable with a project, where the value is in the structure and location rather than in move-in-ready finishes. A less obvious perspective is that its very average metrics for the area—neither the largest nor the smallest—indicate a stable, typical property for King Edward, which can be a advantage for those seeking predictability and avoiding the premium or challenges of more outlier homes.

Section 2: Frequently Asked Questions

1. What is the exact sold price history?
The public data shows a sale in November 2021 for an estimated range of $26.5k to $29.5k. For precise historical sale figures, you can request the exact data via email from the listing source.

2. What does "basement, not renovated" imply?
This indicates the basement exists but is in original or utilitarian condition. Buyers should budget for potential updates and anticipate a professional inspection to assess its current state, moisture control, and suitability for their needs.

3. How does the assessed value compare to likely market value?
The assessed value is $23.5k, which is for municipal tax purposes. It is significantly below the city-wide average for homes, but closer to the norm for this neighbourhood. Market value is determined by current sale prices and can differ; the 2021 sale price provides a more recent benchmark.

4. Is the smaller lot size a concern?
At 2,710 sqft, the lot is below average for the city but more typical for King Edward. It may limit extensive expansions or additions but could mean less exterior maintenance, which some buyers may prefer.

5. Who might this property not suit?
It may not be ideal for buyers seeking a turn-key home, those requiring ample parking (as there is no garage), or families desiring a large yard. The older age of the home also suggests that ongoing maintenance should be expected.