Property Overview: 446 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1918, presents a classic character home opportunity in the King Edward neighbourhood. Its primary appeal lies in its above-average space and lot size for the immediate area. With 1,370 sqft of living area, it ranks in the top 10% of homes on its street and top 6% within King Edward for size, offering more interior room than most local comparables. The property sits on a 5,199 sqft lot, which is also generously proportioned for the neighbourhood. It features a detached garage and an unrenovated basement, indicating potential for future customization.
The home suits two main types of buyers: those seeking a character home with solid fundamentals who are prepared for updates over time, and value-conscious buyers looking for more space per dollar in a central neighbourhood. A thoughtful perspective is that while the home is older than the citywide average, its assessed value has shown consistent, above-average growth within its local context over recent sales, suggesting it is a established property in a stable, in-demand local market.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unrenovated. This presents potential for future development but would require appropriate permits and investment.
2. How does this home compare to others in the area?
The data indicates this home is notably larger than most in its immediate vicinity. Its living area is in the top 6% for the King Edward neighbourhood, and its lot size is in the top 18%.
3. What is the trend in the home's value?
Public sold price ranges show a pattern of appreciation from 2016 to 2024, with each subsequent sale occurring at a higher price range than the last, consistently ranking in the top half of local sales for value at the time of each transaction.
4. How old is the home, and what does that mean?
The home was built in 1918. While this is older than the Winnipeg average, it is around the typical age for its street and neighbourhood. This suggests many nearby homes share a similar vintage, and local trades may be familiar with the construction style. Buyers should budget for maintenance appropriate to a home of this age.
5. Are there any recent comparable sales nearby?
A very recent reference is 447 Marjorie Street (2023 build, 49.50k assessed value), but it is a newer, higher-valued property. A closer comparison in age and size might be 411 Collegiate Street (1918 build, 730 sqft, 21.70k assessed value), which highlights how 446 Parkview offers significantly more living space.