Property Overview: 369 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 369 Parkview Street presents a compelling blend of modern convenience and established neighbourhood character. Its key strength is being a well-above-average property within its immediate King Edward neighbourhood context. Built in 2016, it is a notably newer construction compared to the area's predominantly early 20th-century housing stock, suggesting modern building standards, energy efficiency, and minimal immediate repair needs.
The appeal lies in this move-in-ready condition paired with a recently renovated basement, adding valuable finished living space to the 1,034 sqft footprint. While the lot size is modest, especially compared to the Winnipeg city-wide average, it is typical for the street and area, offering manageable outdoor maintenance. The detached garage provides practical storage or parking.
This property would ideally suit first-time buyers or downsizers seeking a low-maintenance, modern home without leaving a mature, central neighbourhood. It’s also a prudent choice for value-conscious buyers, as its assessed value ranks in the top 10% for King Edward, indicating strong underlying value perception for the area. The home offers a "best on the block" quality relative to its older neighbours, but within a streetscape of consistent scale and character.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value of $37,300 ranks in the top 6-8% for the King Edward neighbourhood, significantly above the area average. This suggests the property is viewed as a higher-value asset, likely due to its new construction year and renovations.
2. Is the living space smaller than average?
Within the King Edward neighbourhood, the living area is actually above average (top 30%). It feels more typical on its own street (top 37%) and is modest by broader Winnipeg standards. The renovated basement effectively expands the usable space.
3. What does the sale history indicate?
The home sold previously in 2017 and 2021. The price increase between those sales, and the current high assessed value, point to consistent appreciation. This trend may reflect the premium for a newer, updated home in the area.
4. What are the trade-offs for a newer home here?
The primary trade-off is land size. You are acquiring a modern, efficient house on a compact, neighbourhood-typical lot rather than a larger property. This is ideal for low-maintenance living but may not suit those wanting extensive gardens or outdoor space.
5. Who might this not suit?
Buyers seeking a large yard or a project home would find better options elsewhere. Similarly, those prioritizing square footage above all else may find more space for the price in newer suburban developments, albeit with a different neighbourhood character.