Property Overview: 3436 Parkin Avenue, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built home on Parkin Avenue stands out for its modern construction and generous living space within a well-established neighborhood. At just over 2,050 square feet, the interior is notably larger than most homes in Varsity View, Winnipeg, and even on its own street, placing it in the top 9% citywide for size. Its assessed value of $742K reflects its premium positioning, ranking in the top 3% of Winnipeg and top 4% of the neighborhood, signaling a property built with above-average quality and finishes for its era.
The primary appeal lies in acquiring a relatively new, low-maintenance home in a mature area without sacrificing modern space and amenities. It suits buyers looking for a move-in-ready property who value modern building standards, energy efficiency, and contemporary layouts, but who also want the established trees and character of Varsity View. It’s a practical choice for professionals or small families who prioritize interior living space over a large yard, as the lot size is more compact compared to older neighborhood plots. This home represents a trade-off: you gain a newer, larger interior on a manageable lot, ideal for those who prefer spending less time on exterior upkeep.
Section 2: Frequently Asked Questions
1. Is the property value justified given the lot size?
Yes, the data indicates the value is driven by the home's newness, size, and quality, not the land. While the lot is smaller than many in the area, the home itself ranks in the elite tiers for assessed value, suggesting premium construction and finishes that comp buyers are willing to pay for.
2. How does the age of this home compare to others nearby?
It is significantly newer. Built in 2018, it is the newest on its street and ranks in the top 1% for year built in all of Varsity View, where the average home was built in 1975.
3. What does the "Elite" ranking for assessed value mean?
It means this home's municipal assessed value is higher than 97% of comparable homes across Winnipeg and 96% in Varsity View. This typically correlates with higher-quality materials, finishes, and systems, and often translates to a higher market value.
4. Is the living space efficient for the lot size?
The home makes very efficient use of its parcel. The living area is well above average while the land area is average or below, indicating a design that maximizes the built footprint. This is appealing for those wanting less yard maintenance.
5. Will I be over-improved for the street?
While the home is the most valuable on Parkin Avenue, its living area is only the second largest, and it's not the only newer home. This suggests the street is evolving, and your investment is supported by the broader, high-demand Varsity View neighborhood, where the home ranks exceptionally well.