Property Overview: 266 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Parkview Street in King Edward is a compact, no-frills property built in 1918. With 717 sqft of living space and an unrenovated basement, it presents as a straightforward, functional dwelling. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The assessed value is notably below averages for the street, neighborhood, and city, suggesting a lower property tax burden and an opportunity for buyers with a constrained budget.
The home would suit practical, value-conscious buyers such as first-time homeowners seeking minimal initial overhead, or investors looking for a rental property with fundamental utilities. Its smaller scale also means lower maintenance costs and effort, which could appeal to downsizers. A thoughtful perspective is that this property represents the "bones" of a home—it offers ownership in a central neighborhood without the premium for size or modern finishes, placing the potential for future value squarely in the hands of the owner through gradual improvement.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 717 sqft, the living area is below average for Parkview Street, the King Edward neighborhood, and Winnipeg overall. It ranks in the bottom 15-20% for size among comparable local properties.
2. What is the significance of the assessed value?
The assessed value of $20,500 is below area averages, which typically correlates with lower municipal property taxes. It's important to note that assessed value is for taxation and not a direct indicator of market selling price.
3. What should I know about the basement?
The listing specifies a basement that is "not renovated." Buyers should anticipate a functional but unfinished space, likely suitable for utilities and storage rather than living area, and budget for any desired upgrades.
4. Is the land size a constraint?
The lot is 2,709 sqft, which is smaller than many in the city but relatively average for the King Edward area. It provides adequate outdoor space for a small home without extensive yard maintenance.
5. Are recent sale prices available for this home?
Public records indicate a sale in May 2019 for an estimated range. For precise historical sold prices, you must request the information directly from the listing service via email, as they provide that detail manually.