Property Overview: 164 Parkview Street, Winnipeg
Key Characteristics & Buyer Appeal
This home is defined by its compact efficiency and historical roots. Built in 1918, it offers a modest 667 sqft of living space on a 2,711 sqft lot, placing it well below average in size for the street, neighborhood, and city. This is reflected in its assessed value of $168k, which is significantly lower than area averages. The appeal here is fundamentally about value and potential. It represents one of the most accessible price points in the desirable Bruce Park area, suited for a first-time buyer, an investor, or someone seeking a minimalist footprint. Its age suggests classic construction but also implies a need for careful inspection regarding updates and systems.
The thoughtful perspective is that this isn't a standard family home. It suits a specific lifestyle: someone who values location over square footage, sees potential in a small space, or is looking for a strategic entry into the market with a property that has a low tax assessment basis. The very fact that it ranks so low in comparative metrics is what creates its unique opportunity—it's an affordable outlier in its surroundings.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily driven by the home's significantly smaller size and lot dimensions compared to most properties in Bruce Park and across Winnipeg, as reflected in the comparative rankings.
2. What should I consider due to the home's age (1918)?
While the construction is solid, a pre-purchase inspection is crucial. Focus on the condition of major systems like wiring, plumbing, and the foundation, and understand any potential costs for updates or maintenance typical of a century-old home.
3. Is there room to expand?
The lot is smaller than most in the area, so expansion possibilities are physically limited. Any renovation would likely focus on reconfiguring the existing interior footprint rather than adding significant square footage.
4. How reliable are the price comparisons shown?
The site states data is from public sources, not the MLS, and has had limited verification. For fully verified sales history and exact figures, you must request a manual lookup via email, as detailed in the data notes.
5. What's the realistic living situation for a 667 sqft home?
This is a small, efficient space likely comprising a few main rooms. It's ideal for a single person, a couple, or an investor considering the rental market for a single tenant. It is not suited for a growing family needing multiple bedrooms and common areas.