Property Overview: 125 Parkville Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 125 Parkville Drive in the Pulberry neighborhood is a classic Winnipeg property that presents a clear value proposition. Built in 1960, it features 1,040 sqft of living space on a roughly 6,000 sqft lot. Its most defining characteristic is its assessed value of $311k, which is notably below the averages for both its immediate street and the wider Pulberry area. This creates a lower entry point into a stable, established neighborhood.
The appeal lies in its affordability and potential. For a buyer comfortable with a home of average citywide size but seeking a price below local norms, this represents a practical opportunity. It suits first-time homebuyers, investors looking for a rental property, or downsizers seeking a manageable footprint without leaving a mature community. A less obvious perspective is that its "below average" valuation on its own street could indicate room for equity growth through updates, making it a sensible candidate for a buyer with a renovation budget. It’s a home that prioritizes financial accessibility and lot size over modern square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbors?
The assessed value of $311k is significantly below averages on Parkville Drive and in Pulberry. This can be due to a variety of factors, including the home's specific condition, layout, or features compared to others. It’s a key point to investigate further through a viewing and potential appraisal.
2. How does the living area compare to typical homes?
At 1,040 sqft, the living space is below the average for both the street and neighborhood, but is closer to the citywide average. This suggests a more compact, efficient layout rather than an exceptionally small home for Winnipeg.
3. What is the typical sale price for this area?
The last recorded sale for this property was between $250k-$300k in December 2020. For more precise, up-to-date sale figures of comparable homes, you can request exact data via email from the site.
4. Is the lot size a good feature?
Yes. The land area of 5,954 sqft is consistent with citywide averages and provides a good-sized yard for a home of this vintage, which is a valuable asset not always found with more affordable listings.
5. What should I consider about the home's age?
Built in 1960, the home is of a typical age for its area. This means potential buyers should budget for expected maintenance or updates to older systems (like plumbing, electrical, or windows) common to houses from this era, while also appreciating the character and established landscaping of a mature property.