Property Overview: 514 Parkview Street, Winnipeg
Key Characteristics & Appeal
This 1954 one-storey home on Parkview Street presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in a combination of space and value. At 902 sqft, the living area is modest but competitively sized for its immediate area and neighbourhood. The standout feature is the land: a 5,425 sqft lot that ranks in the top 9% for size both on the street and within King Edward, offering above-average outdoor space and potential.
The home includes a renovated basement and a detached garage. Its assessed value positions it as an above-average property within the neighbourhood context, suggesting a solid foundation of value relative to nearby homes. This property would suit first-time buyers or practical downsizers looking for a manageable single-level layout without sacrificing yard space. It also appeals to value-oriented buyers who see potential in a larger lot, whether for gardening, expansion, or simply enjoying more privacy than is typical for the area. The renovated basement adds functional living space, making it a pragmatic choice for those needing extra room without a large main-floor footprint.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is above the average for the King Edward neighbourhood, indicating it is viewed as a comparatively valuable asset within this local market.
2. What is the significance of the lot size?
The lot is notably larger than most on the street and in the surrounding area. This is a less common find in established neighbourhoods and provides more private outdoor space and potential future flexibility than many comparable properties.
3. Is the living space sufficient for a small family?
At 902 sqft on the main floor, the living area is around the neighbourhood average. The renovated basement effectively adds to the usable space, making the total functional area more accommodating for a small household.
4. What can recent sale prices on the street tell me?
Nearby homes on Parkview Street have sold in recent years, providing concrete benchmarks for the street's market activity. The specific sold price for this property is available upon request to give you a precise historical reference.
5. Who might this home not suit?
Buyers seeking a move-in-ready, modern open-concept layout or very large interior spaces may find this 1954 bungalow less aligned with their needs. Its appeal is grounded in its lot size, neighbourhood value, and functional, updated basics like the basement.