Property Overview: 89 Parkville Drive, Winnipeg
Key Characteristics & Appeal
This home at 89 Parkville Drive stands out in its Pulberry neighborhood for its modern build and generous interior space. Built in 2010, it is significantly newer than most homes on its street and in the wider area, which typically date to the 1960s. With 1,756 sqft of living area, it offers substantially more space than local averages, ranking in the top tier for both size and its assessed value of $538k. This combination of a contemporary home with ample square footage in an established area is its primary appeal.
However, the property presents a clear trade-off: the lot size of 3,961 sqft is notably smaller than the neighborhood norm. This suggests a home designed for efficient, comfortable living indoors rather than extensive outdoor space. It would perfectly suit buyers who prioritize a modern, low-maintenance home with room to grow inside, and who value being among the newest properties in a mature community. It's less suited for those seeking a large yard or traditional lot size.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the street and neighborhood, it contributes to a lower-maintenance yard. The value is clearly concentrated in the building itself—its newness and size—rather than in the land.
2. The assessed value seems high for the area. Is it accurate?
The assessment reflects the home's modern construction and larger living area. It ranks in the top 1% on its street and top 10% in Pulberry, indicating it is an outlier compared to older, smaller neighbors, which likely justifies the higher valuation.
3. What might the utility and renovation costs be like?
As a 2010 build, major systems (roof, furnace, windows) are relatively young and likely more energy-efficient than those in older area homes. This can mean lower near-term repair costs and utility bills.
4. How does the 2017 sale price relate to today's assessed value?
The home sold for between $400k-$450k in 2017. The current $538k assessment suggests significant appreciation, consistent with the trend of modern homes in older neighborhoods holding premium value.
5. Is this a good investment compared to neighboring homes?
Its elite rankings for year built and living area suggest it will always be a unique, premium property in its immediate context. This can provide stability, but its market performance may differ from the typical, older Pulberry home.