Property Overview: 360 Parkview Street
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home built in 1913, offering a compact and efficient living space of 864 sqft on a standard city lot. Its key characteristics include a detached garage and an unfinished basement, presenting a straightforward, no-frills canvas. The home’s assessed value is modest, and its recent sale history suggests it is an accessible entry point into the King Edward neighbourhood.
The primary appeal lies in its position as a practical starter home or a long-term holding property. It suits buyers who prioritize location and potential over turn-key finishes. The house offers the opportunity to add value through renovations, particularly the basement, while its smaller size translates to lower utility and maintenance costs. A thoughtful perspective is that its older construction date, while requiring due diligence, often comes with character and build quality not found in newer, more hastily built homes. It would suit a first-time buyer comfortable with a project, an investor looking for a stable rental property, or someone seeking a modest, low-overhead home in a central Winnipeg neighbourhood.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 864 sqft, the living area is slightly below the average for the immediate street but is very close to the average for the King Edward neighbourhood as a whole.
2. What should I know about the home’s age?
Built in 1913, the home is notably older than most in the city. This necessitates a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, but it is typical for the historic core of Winnipeg.
3. Is the assessed value a good indicator of the sale price?
The assessed value is a municipal calculation for tax purposes and is often lower than market value. The recent sold price range provided is a more current indicator, but market conditions ultimately determine the final price.
4. What is the potential for adding value?
The unfinished basement represents the most clear-cut opportunity to add liveable square footage. Updates to kitchens, bathrooms, and energy efficiency are also common value-add projects for homes of this vintage.
5. How does the lot size affect the property?
The lot is a standard size for the area. It provides adequate outdoor space for gardening or relaxation but is not unusually large, keeping yard maintenance manageable.