Property Overview: 149 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Bruce Park, built in 1918, presents a classic character home opportunity. Its key appeal lies in a combination of generous living space and a sizable lot. With 1,411 sqft of living area, the home is notably larger than many others on its street, offering more interior room than typical for the immediate area. The 3,582 sqft lot provides valuable outdoor space in a city-wide context where lots of this size are less common.
The home suits a specific type of buyer: those looking for a project or a solid foundation in a established neighbourhood. It has an unrenovated basement and a detached garage, suggesting potential for customization or expansion to a buyer willing to invest in updates. The assessed value is modest relative to the city average, which could indicate an entry point into the market for a handy buyer or an investor. Its strongest asset is the land itself—a proportionally large parcel for the neighbourhood that holds long-term value, regardless of the home's current condition.
Section 2: Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor with a second floor under sloping roof lines, often creating cozy bedrooms with character. Given the year built (1918), expect traditional layouts and possibly charming original details.
2. How significant is the "unrenovated basement"?
This indicates the basement is in original or functional condition but hasn't been modernized into a finished living space. It represents both a current limitation for finished square footage and a clear opportunity for future improvement.
3. The assessed value seems low. Does that affect the sale price?
Municipal assessed value is for tax purposes and often lags behind market value. The sale price is determined by current market conditions. The last recorded sale was in October 2020 for $27,500, but the current asking price will reflect today's market.
4. How does the lot size compare practically?
At 3,582 sqft, the lot is below average for Bruce Park but above average for the specific street. This means you likely have more usable yard space than your immediate neighbours on Parkview, a subtle but valuable advantage.
5. What is the likely scope of work needed?
Any home from 1918 will require careful attention to foundational systems like wiring, plumbing, and insulation. The appeal here is the chance to modernize these systems within a character home that already offers good space and lot size, allowing you to add value over time.