Property Overview: 240 Parkville Bay, Winnipeg
Key Characteristics & Appeal
This home at 240 Parkville Bay is a well-situated property in the Pulberry neighbourhood, presenting a practical opportunity in the Winnipeg market. Built in 1962, it is actually newer than many homes on its own street, offering a slight relative advantage in its immediate context. With 1,029 square feet of living space, the house is compact and efficient, sitting below the average size for both the street and the broader area. This positions it as a potentially more manageable and affordable option for those not requiring extensive square footage.
The assessed value of $379,000 is consistently around the average when compared to the street, neighbourhood, and city, indicating a fair and stable market valuation without significant premium or discount. The lot size of 5,297 sqft is notably smaller than others in Pulberry, which translates to less yard maintenance—a distinct practical benefit for buyers seeking a lower-upkeep outdoor space. The home last sold in July 2022 for an estimated $400,000–$450,000.
This property would best suit first-time homebuyers, downsizers, or investors looking for a straightforward, average-priced home in an established area. Its appeal lies in its statistical normality and practicality: it’s a competitively priced entry into the market with the advantage of a newer build date than its direct neighbours and a yard sized for convenience rather than burden.
Frequently Asked Questions
1. Is the smaller living area a concern?
While below the neighbourhood average, the 1,029 sqft layout is efficient. For singles, couples, or small families, it can be ample space and contributes to a lower price point and potentially lower utility costs compared to larger homes nearby.
2. How does the assessed value relate to the likely selling price?
The assessed value ($379k) is for municipal tax purposes. The last sold price range ($400k–$450k in 2022) is a more direct indicator of market value, though current conditions will ultimately determine the price. The assessment being "around average" in all comparisons suggests it is not abnormally priced.
3. What does the smaller lot size mean for me?
The lot is smaller than most in Pulberry. This is a drawback if you desire extensive gardening or outdoor space. However, it is a clear advantage for those who prefer minimal yard work, potentially lower landscaping costs, and a more manageable property.
4. The home is older. Should I be worried about major issues?
Built in 1962, major systems like roof, plumbing, or wiring may be due for updates or replacement. A thorough home inspection is essential. On a positive note, it is actually newer than the average home on Parkville Bay, which may indicate slightly more modern construction for the street.
5. Where can I get verified sale price data for this home?
The site provides estimated sold price ranges. For the exact sale history and figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.