Property Overview: 119 Parkview Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1924, situated on a standard-sized lot in Bruce Park. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location and efficient footprint. While its living space (816 sq ft) is modest compared to area averages, it presents a manageable scale for the right buyer. The property holds a middle-of-the-road position on its own street for metrics like land size and assessed value, suggesting it fits comfortably within its immediate context without standing out as an outlier.
This home would suit first-time buyers, downsizers, or investors looking for an entry point into a mature neighbourhood without the upkeep of a larger property. Its renovated basement adds functional space, potentially for a home office or rental suite, which enhances its utility. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a classic, no-frills home that offers the chance to live in the area while allowing new owners to incrementally add their own value and modern touches over time.
Frequently Asked Questions
1. Is the house small?
Yes. With 816 sq ft of living area, it is notably smaller than both the neighbourhood and city averages. This makes it a cozy, low-maintenance option but may feel cramped for those needing multiple dedicated rooms or ample storage.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be a key point of inquiry to understand if it’s a finished living space, a modern utility area, or something in between.
3. How does the assessed value relate to the sale price?
The last sale was in 2016 for $240,000, while the current assessed value is listed as $26.40k. It’s crucial to understand that the assessed value for tax purposes is not a market valuation. The significant difference highlights that market value is determined by recent sales and current conditions, not municipal assessment.
4. What is the condition of a home built in 1924?
While charm and character are likely, the age implies potential considerations like older wiring, plumbing, or insulation. A thorough home inspection is essential to understand the state of these fundamental systems and the roof.
5. Is the detached garage a major benefit?
This can be a significant asset, providing secure storage, workshop space, or parking separate from the house. In a neighbourhood of older homes, a functional detached garage is often a valued feature not always present.