398 Parkview Street

Property Overview: 398 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 2019-built bi-level home on Parkview Street in King Edward offers a compelling blend of modern construction and established neighbourhood character. Its key appeal lies in its relative newness within a historic area, providing contemporary living without sacrificing location. With 1,166 sqft of living space and a renovated basement, it offers practical, move-in-ready space.

The home’s standout feature is its exceptional assessed value, ranking in the top 4% on its street and top 2% in King Edward. This suggests a property that has been significantly upgraded or is assessed on a different basis than many older neighbours, which can be a point of strength. The lot is a comfortable size for the area, offering outdoor space without excessive maintenance.

This property would suit buyers looking for a modern, low-maintenance home in a central Winnipeg neighbourhood, particularly those who value newer mechanical systems and building envelopes. It’s also a strong fit for data-driven buyers who appreciate the objective metrics showing its standout assessed value and above-average living area for the immediate locale.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The assessed value of $44.70k is elite for King Edward. This is primarily due to the home being built in 2019, making it significantly newer than the neighbourhood average (often homes from the early 1900s). Modern construction, materials, and systems are valued higher by assessors.

2. What does the "bi-level" design mean for daily living?
A bi-level typically features a main living area accessed by a short flight of stairs from the entry, with bedrooms often on that level, and a lower-level living space (here, a renovated basement) accessed by another short flight. It offers good separation of space but involves more stairs than a bungalow.

3. How does the living space compare practically?
At 1,166 sqft, it offers more room than the average home on Parkview Street (~1,002 sqft) and in King Edward (~952 sqft). For a 2019 build, this is an efficient, modern layout. It’s smaller than the city-wide average, which reflects its location in a more established, central neighbourhood.

4. There's no garage. What are parking options?
The listing indicates no garage. This is common for many homes in older neighbourhoods. Parking would be via on-street permit parking or a potential driveway if space on the 4,340 sqft lot allows for one to be added, subject to city bylaws.

5. The sold price history shows a range. What does that mean?
The listed range (e.g., $48.50k ~ $51.50k for 7/2024) is an estimate from public data. To obtain the exact sale price, you must request it directly from the source (as noted on the detail page). This is often due to the way sale data is reported in Manitoba.