276 Parkview Street

Property Overview: 276 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This property on Parkview Street in the King Edward neighbourhood presents a specific and straightforward value proposition. Its most defining characteristic is its exceptionally low municipal assessed value of $14,900, which places it in the bottom 3% of homes both on its street and city-wide. The lot size is modest at 2,710 sq ft, smaller than many local and city averages. Historical sold price data suggests it transacts at a very accessible price point.

The appeal lies primarily in its potential as an entry point into the Winnipeg market. It suits a very specific type of buyer: investors or handy owner-occupiers looking for a minimal property tax burden and a low-cost asset. It is not a move-in-ready home for the typical family. A thoughtful perspective is that a property with such a low official valuation could represent a canvas for someone willing to invest sweat equity or capital into improvements, with the potential to significantly increase its value relative to a very small initial investment. It may also appeal to someone seeking a bare-bones holding property in the city.

Section 2: Frequently Asked Questions

1. Why is the assessed value so low?
A very low assessed value typically indicates a property that is older, may require significant updates or repairs, or is a more basic building type (e.g., a small cottage or character home) compared to modern standards. It directly correlates with a lower annual property tax bill.

2. What type of buyer is this best suited for?
This property is best suited for investors, renovators, or very budget-conscious buyers looking for the lowest possible entry price and tax liability in Winnipeg. It is likely a project property.

3. How reliable are the "sold price" ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it via the provided email service, as the site manually verifies this information from official sources.

4. The home seems small compared to averages. What should I consider?
With a living area likely below the local average of ~1,000 sq ft, consider your space needs carefully. The modest lot size also limits expansion possibilities, so any plans for additions would need to be reviewed against zoning bylaws.

5. The rankings show it's "below average" in many metrics. Is that a bad sign?
Not necessarily. It confirms this is not an average-priced family home. For the right buyer, these rankings highlight its position as a distinctly affordable option in the market, which is its core feature.