Property Overview
This two-storey home on Parkview Street in Winnipeg's King Edward neighbourhood presents a solid, renovated offering on a generous lot. Built in 1949, its key appeal lies in its above-average living space (1,284 sq ft) and land size (5,417 sq ft) for the immediate area, paired with a recently renovated basement. The detached garage adds practical value. The home’s assessed value positions it as a relatively affordable option within its specific neighbourhood context, especially when compared to broader city-wide averages.
Its strongest suit is space—both indoors and out—for the price within this locale. It would suit a first-time buyer or a small family looking for a move-in-ready home with room to grow in a central neighbourhood, without the premium of a newer build. A thoughtful perspective is that while its city-wide metrics are average, its local standing is strong, suggesting you're investing in a specific community's character rather than chasing city-wide trends. The recent 2024 sale also indicates a refreshed and current market valuation.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The data shows its assessed value is above average for the King Edward neighbourhood and about average for Parkview Street itself. This suggests it is priced in line with or slightly above comparable local homes, likely reflecting its renovated condition and larger lot.
2. Is the lot size a significant advantage?
Yes. At over 5,400 sq ft, the lot is notably larger than many in King Edward and on Parkview Street. This offers more outdoor space for gardening, play, or entertaining, and provides a potential future advantage for expansions or additions, subject to zoning.
3. What does the "renovated basement" typically imply?
While specifics should be verified, a renovated basement in a home of this era often means updated finishes, improved moisture control, and the creation of a functional living or recreational space, adding valuable square footage to the home's usable area.
4. The home sold recently in 2024. What does that mean for me?
A very recent sale means the current price is likely aligned with the very latest market conditions. It also suggests the property may have been updated or presented well to secure a sale in the modern market, but it's wise to inquire why it was sold again so quickly.
5. How does the age of the home (1949) factor in?
Built in the post-war period, the home likely has classic, sturdy construction but may also have aging components like the roof, windows, or original plumbing/electrical systems. The renovated basement is a positive update, but a thorough inspection is crucial to understand the condition of the original structure and systems.