Property Overview
This one-storey home on Parkview Street in Winnipeg's King Edward neighbourhood presents a practical opportunity with notable strengths. Its key appeal lies in a combination of a generous, above-average lot size and a recently renovated basement, set within a mature, established area. At 932 sqft, the living space is typical for the immediate street and neighbourhood, but the property stands out for its 5,425 sqft lot, which is significantly larger than most nearby homes. This offers valuable outdoor space and potential. The assessed value is strong relative to the local area, suggesting the property is well-regarded in its market context.
The home would suit a first-time buyer or downsizer looking for a manageable single-level layout in a central location. It's also a sensible fit for a value-oriented buyer who prioritizes land size over a large interior footprint, seeing potential in the lot itself or the already-updated basement. A less obvious perspective is that, while the home's size is average locally, it falls below the city-wide average, making it a specifically neighbourhood-centric purchase rather than a city-wide comparable. Its value is anchored in its immediate surroundings.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of 5,425 sqft is a standout feature, placing it in the top 9% of lots on Parkview Street and in the King Edward area. It offers substantially more yard space than the local averages.
2. What is the significance of the assessed value being "above average" for the area?
A higher assessed value relative to the neighbourhood can indicate desirable property traits or improvements (like the renovated basement) that are recognized by assessors. It generally suggests the property holds its value well within its local market context.
3. Is the living space considered small?
It depends on the scope of comparison. At 932 sqft, it is around average for both Parkview Street and the King Edward neighbourhood. However, it is below the average home size for the entire city of Winnipeg, which is an important consideration depending on your long-term mobility plans.
4. The home was built in 1954. What should I consider?
The age is typical for the area. While major systems like roof, plumbing, or electrical may have been updated over time, a thorough inspection is recommended to understand the condition and any potential maintenance needs common to homes of this era.
5. How can I find out the exact historical sold price?
The listed sold price is a public data range. The exact sale price from July 2022 can be requested directly via email from the listing source, which provides this detail manually as a service.