Property Overview: 238 Parkview Street, Winnipeg
Key Characteristics & Buyer Profile
This one-storey home on Parkview Street in the King Edward neighbourhood is defined by its compact and efficient scale. With 669 square feet of living space, it is notably smaller than most comparable homes in the area and city-wide, positioning it as a true starter home or downsizing opportunity. Built in 1918, it carries the character of its era and sits on a modest, manageable lot. The basement exists but is unrenovated, presenting a blank canvas for future expansion or storage. There is no garage or pool.
The primary appeal lies in its affordability and low maintenance footprint, underscored by a relatively low assessed value. It suits a specific buyer: first-time purchasers seeking an entry point into the market, investors looking for a straightforward rental property, or empty-nesters wanting to simplify. A less obvious perspective is its potential for someone interested in a "right-sized" living experiment, where the small scale encourages a minimalist lifestyle and keeps utility costs low. Its average assessed value for the immediate street and neighbourhood suggests it is priced in line with its local context, offering stability rather than standing out as an anomaly.
Frequently Asked Questions
1. How does the living area compare to typical homes?
At 669 sqft, this home's living area is below average for its street, neighbourhood, and especially the wider city. It is among the smaller homes available, which is a key factor in its accessible price point.
2. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it as unfinished space, suitable for storage or future development subject to permits and inspections.
3. Has the property's value been stable?
Based on available sold price ranges, the property sold for between $20.5k-$23.5k in 2022 and $16.5k-$19.5k in 2019. Its current assessed value of $22.8k appears consistent with these recent transactions, showing modest appreciation in that period.
4. What is the neighbourhood like for a home of this age?
King Edward features homes with a mix of eras. With a build year of 1918, this property is slightly older than the neighbourhood average (around 1948), placing it among the area's more historic homes.
5. Are there any notable features like a garage or updated systems?
The listing confirms there is no garage or pool. The focus is on the core structure and lot. Prospective buyers should budget for potential updates to major aging systems, common for a home of this vintage.