Property Overview: 145 Parkview Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Bruce Park is defined by its generous, above-average lot and a recently renovated basement. Built in 1918, it is a character home with compact main-floor living space (906 sqft), offering a project-ready canvas or a efficient layout for the right buyer. Its primary appeal lies in the substantial 5,426 sqft property, which ranks in the top 6% for lot size on its street, presenting significant outdoor potential and a rarity for the area. The detached garage adds practical utility.
The property suits buyers prioritizing land value and location over move-in-ready square footage. It’s an ideal match for someone seeking a long-term property with space for future expansion, a garden, or outdoor amenities. It would also appeal to value-conscious buyers looking in established neighbourhoods, where the renovated basement adds immediate functional space while the main floor awaits personalization. The assessed value suggests the property is seen as a solid asset relative to its immediate street, offering a foothold in a mature community.
Section 2: Frequently Asked Questions
1. Is the house itself small compared to the lot?
Yes. The living area is below average for both the neighbourhood and city, while the lot size is significantly above average for the street. This highlights the property’s potential for an addition or emphasis on outdoor living.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the selling agent to understand the home’s current liveable space.
3. How does the 1918 build year affect the property?
It places the home below average in age for the area, meaning potential for character details but also a higher likelihood of maintenance considerations for older components like plumbing, electrical, or the foundation, which should be thoroughly inspected.
4. The last sale was in 2020 for $28,500. Why is the price so different now?
The 2020 sale price is unusually low and not reflective of current market value. It may have been a non-arms-length transaction (e.g., between family members) or sold under unique conditions. The current assessed value of $350k is the relevant metric for today’s market.
5. Who would this property not suit?
It may not suit buyers seeking a large, modern, turn-key home with ample main-floor living space. The layout and era likely require a willingness to update or embrace a more compact footprint, with the lot size being the trade-off.