Property Overview: 769 Parkhill Street, Winnipeg
Key Characteristics & Appeal
This 820 sqft bungalow, built in 1957, sits on a 5,691 sqft lot in Sturgeon Creek. Its primary appeal lies in its position as a competitively priced entry point into the Winnipeg market. With an assessed value of $253k, it sits notably below average for its street, neighborhood, and the city overall. This creates a clear value proposition for a first-time buyer or an investor seeking a lower acquisition cost in a stable area.
The home’s living area is compact, ranking below local averages, which suggests it’s best suited for individuals, couples, or those looking to downsize. A thoughtful perspective is that the smaller interior footprint can mean lower utility costs and less maintenance. The lot size, while slightly below the street average, is still generous by city-wide standards, offering valuable outdoor space with potential for gardening, expansion, or simply room to breathe—a feature not always available in this price range.
This property would suit practical, budget-conscious buyers who prioritize location and land over move-in-ready size or modern finishes. It’s a home that represents a foundation, appealing to those comfortable with a property that may require updates over time but offers the immediate benefit of homeownership in a well-established community.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a historical snapshot. While it indicates the home is valued below its peers, the final sale price will be determined by current market conditions, the property's condition, and buyer demand.
2. What does the "Below Average" living area ranking practically mean for daily life?
At 820 sqft, the home is functionally smaller than many in the area. This typically means efficient use of space is key. It may feature fewer or more compact rooms, making it ideal for simpler living arrangements but potentially challenging for a growing family.
3. Why is there no sales history shown for this listing?
Publicly available sold price data is not sourced from the MLS. To obtain the full transaction history and exact past sale figures, you must request a manual lookup from the site, which they provide via email.
4. How does the year built (1957) factor into maintenance considerations?
Homes of this age often have solid construction but may have original or aging major systems (like plumbing, electrical, or the roof). A pre-purchase inspection is highly recommended to budget for any necessary updates or repairs.
5. The lot is smaller than the street average but near the city average. What's the takeaway?
While the lot is on the smaller side for Parkhill Street, it is still a good-sized parcel for Winnipeg. This suggests the street may feature particularly large lots, but 769 Parkhill still offers a decent outdoor space compared to many city properties.