Property Overview: 250 Parkview Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 708 sq ft that is notably below average for the street, area, and city. The home has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its affordability and entry-level positioning in the market, as reflected in its well-below-average assessed value. It represents a straightforward, low-maintenance footprint. This property would suit a very budget-conscious first-time buyer, an investor looking for a rental property with minimal upfront investment, or someone seeking a small, utilitarian space in a central location. A less obvious perspective is that its smaller size and lot could mean lower utility costs and less upkeep, appealing to those looking to minimize both their financial and time commitments to home maintenance.
Frequently Asked Questions
1. What is the actual selling price?
The provided sold price ranges are estimates based on public data. To obtain the exact historical sale prices, you must request them via email from the listing service, which provides them manually.
2. What does "below average" for living area mean practically?
At 708 sq ft, the home is significantly smaller than most. This means efficient use of space is essential and may not suit those needing multiple bedrooms, dedicated workspace, or ample storage without creative solutions or potential expansion.
3. Is the low assessed value a positive?
It indicates a lower property tax burden, which is a benefit. However, it also strongly suggests the home requires modernization and may not have seen significant updates, factoring into renovation budgets and financing considerations.
4. What should I know about the basement?
The listing specifies it is "not renovated." This typically means it is in a rough, unfinished state suitable only for storage or mechanical systems, and not as livable space, unless you plan to renovate.
5. How does the age of the home affect things?
Built in 1918, the home is older than the city average. While it may have charm, it also means potential for older building materials, systems (like plumbing or electrical), and a need for thorough inspections to identify any necessary updates or repairs.