Property Overview: 175 Parkview Street, Bruce Park, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1928, situated on a standard-sized lot in Bruce Park. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly within its immediate Parkview Street context. While its 876 sqft living area is modest compared to broader city averages, it is relatively typical for the street itself. The home has an unfinished basement and no garage, presenting a straightforward, no-frills canvas.
The property would suit a first-time buyer, an investor, or a downsizer comfortable with a home that requires modernization. Its below-average assessed value and recent sale price suggest a lower financial barrier to entry. A thoughtful perspective is that this home represents a "neighbourhood-value" play: its metrics are consistently more competitive on its own street than in the wider area, indicating you are buying into a specific, likely more established, local character rather than city-wide averages. It’s a practical choice for someone who prioritizes location and lot potential over immediate move-in condition.
Frequently Asked Questions
1. What is the true size of the property?
The home has 876 sqft of living space on a 4,069 sqft lot. For the Parkview Street area, both the house and lot are around the average size.
2. What should I know about the condition?
The listing notes an unrenovated basement and no garage. Given the home's age (built in 1928), buyers should budget for updates and a thorough inspection for aging systems.
3. How does its value compare to the area?
Its assessed value and recent sale price are below the averages for both the Bruce Park neighbourhood and Winnipeg as a whole. This indicates a more affordable entry point but may also reflect the home's condition and size.
4. Who would this property be best for?
It is best suited for a buyer looking for a starter home or investment property where the land and location are the primary draws, with the understanding the house itself needs work.
5. Is the lot a good size for future expansion?
The lot is a standard city size. While not exceptionally large, its dimensions are typical for the street and could potentially allow for a rear addition or garden suite, subject to local zoning regulations.