Property Overview: 242 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Parkview Street in King Edward is a compact, no-frills property built in 1918. With 720 sqft of living space, a 2,709 sqft lot, and a detached garage, its key characteristics are its modest scale and its notably low financial footprint. The home's assessed value is significantly below area averages, and it last sold in late 2022 for a very accessible price range.
The primary appeal lies in its position as a genuine entry point into the Winnipeg market. It suits buyers seeking absolute minimal property taxes and a straightforward, low-cost holding in a central neighbourhood. It’s a practical canvas for a hands-on buyer or investor. A less obvious perspective is its potential as a strategic land play; the lot, while below average for the street, is still a decent size for the core area, and the home's unrenovated state presents a clear value-add opportunity for those with renovation skills or vision. This isn't a move-in-ready showpiece, but a property for those who see value in fundamentals and potential over present condition.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft, the living area is below average for the immediate street, the King Edward neighbourhood, and the city overall. It ranks in the bottom 15% locally, indicating it's one of the more compact homes in the area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $18,600 reflects the home's smaller size, age, and unrenovated condition compared to the broader Winnipeg market, where average home values are significantly higher. It ranks in the top 90% for the street (meaning it's in the lowest 10% of values), which is consistent with its profile as an entry-level property.
3. What does "basement yes, not renovated" mean?
This confirms the home has a basement, but it has not been modernized or finished. Buyers should budget for potential updates and anticipate viewing it in an original, likely utilitarian state.
4. Is the land size sufficient for additions or redevelopment?
The 2,709 sqft lot is below average for Parkview Street but around average for the King Edward neighbourhood. While not oversized, it is a standard city lot. Any expansion or redevelopment plans would require careful review with the City's zoning bylaws and regulations to determine feasibility.
5. You list a sold price range for 2022. How can I get the exact price?
The exact sold price is not publicly displayed due to data source restrictions. You can request it by email via the button on the property page. The service is manual but prompt, and your email will not be used for unsolicited marketing.