Property Overview: 68 Parkville Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1959, the 972 sqft living area is notably compact compared to averages on its street, in the Pulberry neighborhood, and across Winnipeg. However, this is balanced by a land area of over 10,000 sqft, which ranks in the top 10% locally, offering significant outdoor space and potential.
Its appeal lies in this land-to-structure ratio. The assessed value of $385k is consistently around the average for its immediate area, suggesting you are paying primarily for location and lot size rather than a large finished interior. This makes it a candidate for value-added projects, whether that's gardening, expansion, or future redevelopment.
The property would best suit practical buyers who prioritize land over square footage. This includes hands-on owners comfortable with a vintage home's maintenance, first-time buyers seeking an affordable entry into the neighborhood with room to grow, or investors who see long-term value in the subdividable lot potential (subject to zoning). It’s less suited for those seeking immediate move-in condition with ample modern living space.
Section 2: Frequently Asked Questions
1. Is the house too small for the price?
The price reflects the land value in a established neighborhood. While the living space is below average, the lot size is significantly above average. You are investing in the property's location and future potential as much as the current structure.
2. How does the 2017 sale price relate to today’s value?
The home sold for between $250k-$300k in late 2017. The current assessed value of $385k indicates market appreciation, consistent with broader trends. For exact historical sale figures, a manual lookup is required.
3. What does the "Below Average" ranking for living area mean practically?
It means the home's interior size is smaller than most direct comparables. Buyers should be prepared for cozy living quarters, but this often translates to lower utility costs and less maintenance.
4. Are the property taxes likely to be high?
Taxes are based on the assessed value. At $385k, the assessment is around the neighborhood average, so property taxes should be typical for the Pulberry area, not disproportionately high.
5. What are the implications of such a large lot?
Beyond space for recreation, a large lot in an older neighborhood can offer flexibility. It may allow for additions like a garage, workshop, or garden suite (pending municipal approvals), and often holds better long-term value. However, it also means more yard maintenance.