Property Overview: 377 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 377 Parkview Street in the King Edward neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Its key characteristic is its compact, 783 sqft living area, which is notably smaller than most comparable homes in the city. This isn't necessarily a drawback; it translates to lower utility costs, less maintenance, and a manageable space for the right buyer. The home stands out for its relatively modern build year of 1990, making it newer than approximately 80% of homes in its immediate area, which suggests potentially fewer concerns with aging infrastructure common in older neighbourhoods.
The appeal lies in its balance of a recent(ish) build on a standard city lot within an established community. The renovated basement adds functional living space. It suits first-time buyers or investors seeking a straightforward, no-frills property without the premium price tag of a larger or newer home. It would also appeal to downsizers or those who prioritize a newer building envelope over square footage. A thoughtful perspective: its "below average" size and city-wide assessed value are precisely what create its affordability, positioning it as a pragmatic choice rather than a premium one.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 783 sqft, the living area is compact. It's smaller than the average home on its street, in King Edward, and across Winnipeg. This requires efficient use of space but results in lower heating and maintenance costs.
2. How does the 1990 build year affect the home?
Built in 1990, the home is significantly newer than most in King Edward. This can mean updated electrical, plumbing, and insulation standards compared to the century-old homes common in the area, potentially reducing immediate repair needs.
3. What does the assessed value indicate?
The assessed value of $26,800 is around average for Parkview Street and King Edward but is below the Winnipeg city average. This typically correlates with lower property taxes, which is a key ongoing cost consideration.
4. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The property rankings show homes here are typically older and on smaller lots than the city average, suggesting a mature, community-focused area with a mix of housing styles.
5. How does the recent sale price compare?
The home sold in August 2023 for an estimated $29,500-$32,500. This was above the average for similar properties on the same street at that time, indicating strong buyer interest likely driven by its renovated basement and newer construction relative to the area.