Property Overview: 393 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. With 1,006 square feet of living space and a standard city lot, its size is typical for the immediate area but modest compared to the wider city. The home has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its position as an accessible entry point into the market. Its assessed value is notably below average for the street, neighbourhood, and city, suggesting a potentially lower price point. This isn't a move-in-ready showcase; it's a baseline property. It would suit a pragmatic first-time buyer, an investor looking for a rental property with foundational equity, or a hands-on individual who sees value in a home they can customize over time without the premium of prior renovations. A less obvious perspective is that its very ordinariness and lower assessment could mean a more manageable property tax burden, and its established age in a mature neighbourhood often comes with larger, settled trees and a defined community character that newer subdivisions lack.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—its age, size, condition, and lack of major renovations—compared to sales of similar properties. It reflects its market position as a more modest home, not necessarily its potential future value after improvements.
2. What does "basement, not renovated" typically imply?
This usually means the basement is in a functional, utilitarian state. It likely has foundational systems like the furnace and may provide storage or basic laundry space, but it won't be finished as a living area. Buyers should budget for potential updates to insulation, flooring, or moisture control.
3. How does the lack of a garage affect daily living and value?
On-street parking is the norm here. This is common for homes of this era in central neighbourhoods and is factored into the price. For some buyers, it's a trade-off for location; for others, it may be a inconvenience requiring consideration for vehicle security or winter maintenance.
4. The home is over 110 years old. What should I be most concerned about?
While charm comes with age, key focus areas for an older home include the condition of the roof, foundation, wiring, and plumbing. A thorough inspection is essential to understand if these major systems are simply old but functional, or if they require imminent replacement.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the service, which manually provides the data without using your contact for unsolicited marketing.