Property Overview: 486 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in King Edward presents a practical opportunity with a few standout features. Built in 1954, its 926 sqft living space is typical for the immediate area but offers a recently renovated basement, adding functional space. The property’s most significant asset is its generous 5,424 sqft lot, which is notably larger than most in the neighbourhood and on the street, offering valuable outdoor space and potential.
Its appeal lies in its grounded positioning. With an assessed value that is above average for King Edward, it suggests a solid investment within a stable community. The detached garage and renovated basement add immediate utility. This home would suit first-time buyers seeking a manageable footprint with room to grow outdoors, or downsizers looking for a single-level layout without sacrificing yard space. It’s a property that prioritizes land value and location over sheer interior size, appealing to those who see potential in the lot itself.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 29% for the King Edward neighbourhood, meaning it is valued above the area average. This suggests it is a financially solid property within its local market context.
2. What is the significance of the lot size?
At over 5,400 sqft, the lot is a key feature. It ranks in the top 14% on Parkview Street and top 10% in King Edward, meaning it is substantially larger than many neighbouring properties, which is a less common find in established areas.
3. Is the living space smaller than average?
While the 926 sqft living area is slightly below the city-wide average, it is very much in line with the typical home size in both the King Edward neighbourhood and on Parkview Street specifically, reflecting the character of this community.
4. When was it last sold, and for how much?
The home was last sold in August 2019. The exact sale price is available upon request, but public data indicates a range between $235,000 and $265,000 at that time.
5. What are the nearby properties like?
The immediate neighbours on Parkview Street are homes of a similar vintage and style, indicating a consistent streetscape. The provided comparable properties with similar assessed values are located in various neighbourhoods across Winnipeg, highlighting different options at a similar price point.