Property Overview: 291 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Parkview Street presents a practical opportunity in Winnipeg's King Edward neighbourhood. Built in 1918, its key appeal lies in its generous, above-average lot size for the area—just under 5,000 sqft—offering more outdoor space than many neighbouring properties. The 907 sqft living area is typical for the immediate street and neighbourhood, positioning it as a manageable size for downsizers or first-time buyers. It features a detached garage and an unrenovated basement, indicating a home that is functional as-is but holds potential for future customization.
Its value is grounded in its solid positioning within the local market rather than citywide comparisons. While its size and assessed value are below the Winnipeg average, they are consistently around or above the average for King Edward and Parkview Street itself. This suggests a property that is competitively priced within its specific, established community. It would suit a buyer looking for a character home on a larger lot without the premium of a fully modernized property, or an investor seeking a land-value play in a mature neighbourhood. The recent sale history indicates steady market activity.
Frequently Asked Questions
1. What does the "below average" citywide ranking mean for value?
While the home's living area and assessed value rank below the Winnipeg average, this is typical for older, established neighbourhoods versus newer suburbs. Its value is more accurately reflected by its "around average" standing within the King Edward community itself.
2. Is the unrenovated basement a major concern?
It indicates a project for the future. Buyers should budget for potential updates, but it also means there are no poorly executed renovations to undo. It offers a blank slate to finish according to a new owner's needs and taste.
3. How significant is the larger lot size?
In a mature neighbourhood where lots are often subdivided, a near-5,000 sqft lot is a notable asset. It provides more private outdoor space, better potential for gardening, and future flexibility (subject to zoning).
4. What can past sold prices tell me?
The sold price ranges from 2017 and 2023 show consistent activity and provide a benchmark for market trends on this specific street. For precise figures to guide an offer, you can request the exact sold price history via email.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts and finished basement space may find the layout and need for updates limiting. It's better suited for those comfortable with a home that has character and requires some personalization over time.