Property Overview: 51 Parkville Drive, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1954, the 946 sqft house is modest in size, ranking below average for both its street and the broader Pulberry neighborhood. The assessed value of $341k follows a similar pattern, being below the local averages but aligning more closely with the Winnipeg city-wide benchmark.
The primary appeal lies in its substantial 10,647 sqft land area, which ranks in the top 7% on its street and top 5% city-wide. This creates a clear opportunity: the property offers significant outdoor space and potential at a price point that is accessible relative to the area. It last sold for an estimated $250k–$300k in late 2021.
This property would suit a practical buyer who prioritizes land over a large existing footprint. It’s a fit for those comfortable with a home that may require updates, or for strategic buyers who see the value in a smaller, more efficient house on a lot with room for gardens, expansion, or future development. It offers a way to enter a mature neighborhood without the premium typically attached to larger, renovated homes.
Frequently Asked Questions
1. Is the below-average living area a major drawback?
It depends on your needs. For some, a smaller home means lower utility costs, less maintenance, and a cozier layout. The trade-off is the significantly larger yard, which provides valuable extra space that is uncommon in this price range.
2. Why is the assessed value below the neighborhood average?
The assessed value reflects the property’s characteristics, primarily the older, smaller house. While the large lot adds value, the overall assessment is weighted by the existing structure, making it more affordable than neighboring homes with larger footprints.
3. What can I do with such a large lot?
Beyond traditional gardening and recreation, the lot size offers long-term flexibility. It could accommodate a sizable addition, a detached workshop or garage, or be subdivided in the future if local zoning allows (subject to city approval).
4. How reliable are the sold price estimates shown?
The provided price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. How does this home compare to others on the street?
It has one of the largest lots on Parkville Drive but one of the older and smaller houses. Neighboring properties, like 70 Parkville Drive, often have larger homes (1,152 sqft) and higher assessed values ($466k), highlighting this property’s unique land-focused profile.