Property Overview: 11 Parkway Place, River East, Winnipeg
Key Characteristics & Appeal
This is a well-established, spacious family home built in 1983, situated on a generous lot in Winnipeg's River East neighborhood. Its primary appeal lies in offering above-average space and land relative to most of the city, providing room to grow and privacy within an urban setting.
The nearly 2,400 sqft living area is notably larger than both the neighborhood and city averages, placing it in the top 5% locally. The lot size of over 11,800 sqft is a significant feature, ranking in the top 25% on its own street and the top 4% city-wide, offering substantial outdoor potential. While the home's assessed value of $568k is around the average for Parkway Place, it positions the property as an elite offering within the broader River East area, where average values are significantly lower.
This home would best suit buyers looking for established character, ample indoor and outdoor space, and a sense of solid value within a mature community. It’s a practical choice for families or those who value a larger yard without moving to a rural area. A thoughtful perspective is that while the home is not new, its size and lot offer a foundation that can be updated over time, representing a balance of immediate space and long-term potential.
Frequently Asked Questions
1. How does this home compare to others on the street?
On its own street, the home’s living area and assessed value are around the local average, but it stands out with an above-average lot size, offering more outdoor space than most of its immediate neighbors.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal valuation for tax purposes, not a market appraisal. The home last sold between $550k-$600k in late 2022. Market conditions, property condition, and updates since then will ultimately determine the sale price.
3. What does the "Elite" ranking for living area in the neighborhood mean?
It means the home’s square footage is larger than approximately 95% of comparable homes in the broader River East area, indicating it offers significantly more interior space than is typical locally.
4. Can I get the exact historical sold prices for this property?
The site provides sold price ranges. To obtain exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS and full details are not displayed publicly on the site.
5. The home was built in 1983. What should I consider?
A home of this age may have original major components, like the roof, windows, or HVAC system, that are nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and potential upcoming investments, balanced against the value offered by the established lot and neighborhood.