Property Overview: 304 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1918, presents a classic Winnipeg character property with a modest 824 sqft footprint on a 2,710 sqft lot in the King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the market. The home has an unrenovated basement and no garage, indicating it is likely a straightforward, no-frills property. Data shows it consistently ranks below average in size, value, and land area compared to the broader city, but is more in line with—or even slightly above—averages within its immediate local context. This suggests a home that is modest yet proportionate to its established neighbourhood.
It would suit a first-time buyer, an investor, or someone seeking a lower-cost project home. The appeal is practical: it offers a chance to build equity in a well-located, central neighbourhood without a premium price tag. A thoughtful perspective is that its smaller scale and below-average assessments could translate to relatively manageable property taxes and utility costs, an important long-term affordability factor often overlooked. It’s a property for those who value location and potential over immediate move-in finish, ideal for a hands-on owner comfortable with gradual improvements.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor with sloped ceilings where the roofline cuts into the upper living space, creating cozy, character-filled rooms that may have less square footage than a full two-storey home.
2. How should I interpret the comparative ranking data?
The rankings show how this property compares to others. For example, living area is "below average" city-wide but "around average" in King Edward. This indicates you're getting a home typical for this specific, centrally-located neighbourhood, not a large suburban property.
3. The assessed value seems very low. Is that accurate?
The assessed value ( $20.90k ) is for municipal tax purposes only and is not an indicator of market value. Market value, reflected in the recent sold price ranges, is significantly higher. Always rely on recent sales data and a professional appraisal for true market value.
4. What are the implications of an unrenovated basement?
This means the basement is in original or functional condition but not modernized. It offers utility space and storage potential, but any finishing or significant upgrades would be a future project for the owner. It's important to have it inspected for moisture and foundational integrity.
5. The home sold twice in 2021. What does that suggest?
The two sales in quick succession could indicate a previous investor flip, a renovation project that was resold, or a simple change of ownership circumstances. It underscores the importance of a thorough home inspection to understand the property's current condition and any work done during that period.