Property Overview
120 Parkside Drive is a one-and-a-half storey home built in 1946, situated on a standard-sized lot in Winnipeg's Bruce Park neighborhood. It features a detached garage and an unrenovated basement. The home recently sold for $43,900.
Key Characteristics & Appeal
This property’s primary appeal lies in its land value and location, presenting itself as a straightforward investment opportunity or a foundational project. The lot size is typical for the area, but the home itself is modest in living space, ranking below average on its own street. Its most notable characteristic is its age; built in 1946, it is among the oldest homes on Parkside Drive, which suggests potential character but also implies a need for updates and systems review.
It would best suit a value-conscious buyer looking for an entry point into the Bruce Park area, with plans to invest in renovations over time. It’s also a candidate for an investor seeking a land-hold or a renovation project, given the sale price is significantly below typical city-wide assessed value averages. The unrenovated basement and older structure offer a blank canvas, but require a buyer comfortable with a property that needs attention.
Frequently Asked Questions
1. Is this a move-in ready home?
No. The listing notes the basement is unrenovated, and the home's age (80 years) suggests major systems like plumbing, electrical, and the roof likely require inspection and potential updating.
2. Why is the sale price so different from the city-wide assessed value average mentioned?
The assessed value figures provided in the data are for comparison rankings only, not the actual municipal assessment for this home. The sale price of $43,900 reflects the market value for this specific, older home in its current condition.
3. What does the ranking data for "Year Built" mean?
It means 120 Parkside is one of the oldest houses on its street (top 4%, rank 1 of 23), which can be a point of charm but also a practical consideration for maintenance and renovation costs compared to newer builds.
4. Who is the typical buyer for a property like this?
This property is suited for a hands-on buyer, such as a renovator, an investor looking for a long-term hold, or someone seeking an affordable entry into the neighborhood with the intention of personalizing the space over time.
5. Are the lot size and living area a disadvantage?
The lot is average for the area, which is a positive. The living area is compact, which may not suit larger families but could be efficient for individuals, couples, or as a rental property. The value is primarily in the land and location, not the size of the existing structure.