Property Overview: 358 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home on Parkview Street is a classic Winnipeg character property, built in 1913. With 874 square feet of living space and a detached garage, it sits on a 2,712 sqft lot in the King Edward neighbourhood. The home presents a straightforward opportunity: it's a historically typical property for its immediate area, with an assessed value and living space that are both around the local average. Its appeal lies in its authenticity and location within a established community. The unrenovated basement indicates a canvas for customization.
This property would best suit a practical buyer who values neighbourhood character over modern size, such as a first-time purchaser or an investor comfortable with a home that may require updates. It’s a grounded choice for someone seeking an entry into the market without the premium for a larger lot or a newer build, offering the chance to add value through thoughtful improvements. A less obvious perspective is that its very "averageness" for the street is a stability indicator—it's not an outlier, suggesting its fundamentals are in line with community norms.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style in older Winnipeg homes. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full but sometimes cozier rooms compared to a full two-storey design.
2. How significant is the unrenovated basement?
This indicates the basement is in original or functional condition, but not modernized. It offers utility space and storage, but any finishing or significant updates would be a future project for the buyer. It's important to assess its condition for moisture and foundational integrity.
3. The home is older than most on the street. Should I be concerned?
While it's among the older homes on Parkview Street (ranked in the bottom 15% for year built there), it's actually close to the average age for the wider King Edward neighbourhood. This suggests the area is consistently mature. A thorough inspection focusing on updates to roofing, wiring, and plumbing is always advised for a home of this age.
4. How do the past sold prices help me?
The sold price ranges from 2019 and 2020 provide a historical benchmark, showing the property's value trajectory prior to recent market shifts. They indicate it has been a consistently lower-value property in the city-wide context, which can inform your offer strategy relative to current assessments and market conditions.
5. Is the lot size a disadvantage?
At just over 2,700 sqft, the lot is smaller than the Winnipeg city average but is fairly typical for the King Edward neighbourhood. This means lower maintenance and potentially lower property taxes, but offers limited space for major expansions. It emphasizes the home as a efficient, community-oriented property rather than a sprawling one.