Property Overview: 208 Parkville Bay, Winnipeg
Key Characteristics & Appeal
This home at 208 Parkville Bay in the Pulberry neighbourhood stands out for its above-average size and value within its immediate community. Built in 1962, the 1,519 sqft residence sits on a generous 9,376 sqft lot, offering more space both indoors and outdoors than most comparable homes on its street and across Winnipeg. Its assessed value of $516k ranks in the top 2% on Parkville Bay, indicating it is perceived as a premium property on its block.
The primary appeal lies in its established, spacious character and its strong positional value. It’s a home that offers room to grow or enjoy outdoors, situated on a street where it is among the larger and more valuable properties. This creates a sense of rarity and solid investment within a mature neighbourhood. It would particularly suit buyers looking for a home with a substantial lot in a settled area, who value space over a brand-new build, and who appreciate a property that already holds a leading position in its micro-market.
A less obvious perspective is that while the home is elite on its own street, its rankings become more moderate when viewed across the wider neighbourhood and city. This suggests a very strong local appeal, making it a standout choice for someone committed to this specific area, while also indicating that its premium is closely tied to its Parkville Bay location.
Frequently Asked Questions
1. How accurate are the sold price ranges shown?
The sold price ranges (e.g., CA$550k–600k in 2022) are based on publicly available data, not the MLS. The site states the figures are reasonably reliable but not guaranteed. For exact historical sale prices, you must request a manual lookup via email.
2. What does it mean that the assessed value is in the "Top 2%" for the street?
It means that out of 163 comparable homes on Parkville Bay, only two have a higher municipal assessed value. This suggests the property is considered one of the most valuable on its block for taxation purposes, which often correlates with market perceptions.
3. Is the house newer than others nearby?
Built in 1962, it is slightly newer than the average home on Parkville Bay (avg. 1960) but is generally around the average age for the broader Pulberry neighbourhood and Winnipeg.
4. What are the potential implications of such a large lot?
The 9,376 sqft lot is significantly larger than averages at the street, neighbourhood, and city level. This offers greater privacy, outdoor space for gardens or recreation, and potential for future additions (subject to zoning). It also likely contributes to the higher assessed value.
5. The home sold in 2022 and 2016. What can that history indicate?
The previous sales show active market history. The increase in sold price range from CA$400k–450k in 2016 to CA$550k–600k in 2022 illustrates appreciation over a six-year period. This can be useful for understanding market trends for the specific property, though past performance does not guarantee future results.