Property Overview: 237 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home on Parkview Street is a classic Winnipeg character property, built in 1914. With 1,045 square feet of living space, it offers a comfortable footprint that is above average for the King Edward neighbourhood. A key modern update is its renovated basement, adding functional living space. The home sits on a 2,709 sqft lot, which is typical for the area but smaller than the citywide average, suggesting a lower-maintenance yard.
Its primary appeal lies in its location and practicality within the established King Edward community. The home presents a balanced profile: it’s not the largest or newest on the street, but its living space is competitive and it has seen important updates. The assessed value positions it as a more accessible entry point into the neighbourhood compared to many citywide properties. This property would suit a first-time homebuyer or a practical downsizer who values character, a renovated basement for extra room, and a location in a mature community without the upkeep of a large lot. It’s for someone who prefers a grounded, no-frills home with some modern touches over a brand-new build.
Frequently Asked Questions
1. How does the home’s age affect maintenance?
Built in 1914, the home is older than most in Winnipeg. While the renovated basement is a positive update, prospective buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, and electrical systems, which are common focal points in century-old homes.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The provided sales history shows it sold in the $22.5k-$25.5k range in 2019, but current market conditions will determine the final price. It’s best used as a benchmark for property taxes rather than an offer price.
3. What are the implications of the smaller lot size?
At 2,709 sqft, the lot is below average for the street and city. This means less outdoor maintenance, but also limited space for expansions, additions, or extensive landscaping. It emphasizes the home’s efficient use of space and may be a benefit for those seeking a lower-maintenance property.
4. There’s no garage. What are the parking options?
The listing specifies no garage. Buyers should verify on-site parking arrangements, such as a driveway or permitted street parking, as this is a crucial practical consideration in a mature neighbourhood.
5. What does “one & 3/4 storey” mean for the layout?
This style typically features a main floor and a second floor where the ceilings follow the roofline, creating cozy, character-filled rooms with potentially sloped ceilings or dormer windows. It’s a classic Winnipeg design that maximizes space in a compact footprint.