Property Overview
This 908 sqft, one-storey home at 310 Parkview Street in Winnipeg's King Edward neighbourhood presents a practical and modernized living option. Built in 1994, it is notably newer than most homes in its immediate area and across the city, suggesting potentially fewer major age-related concerns. The home features a renovated basement, adding functional living space. Its assessed value is above average for King Edward, yet it sits on a standard city lot with no garage or pool.
The appeal here is grounded in its relative modernity within an established neighbourhood. It suits first-time buyers or downsizers looking for a manageable, low-maintenance footprint without the uncertainties of a century-old property. It’s a home for those who prioritize a move-in-ready basement and newer construction over larger square footage or extensive outdoor space. A thoughtful perspective is that while its living space is modest citywide, its above-average assessment in the neighbourhood could indicate perceived value or desirability on this specific street, which may be a stabilizing factor.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 908 sqft, the living area is very close to the average for both Parkview Street and the broader King Edward neighbourhood. However, it is smaller than the typical Winnipeg home, which averages around 1,342 sqft.
2. What does the "above average" assessed value in King Edward indicate?
The home's assessed value is higher than about 71% of similar properties in King Edward. This often reflects the home's younger age (1994), the renovated basement, and its specific location on Parkview Street relative to other parts of the area.
3. Is the lack of a garage a common feature in this area?
Yes, the listing shows no garage, which is not uncommon for many homes in older Winnipeg neighbourhoods. Buyers should consider on-street parking or the potential cost of adding a garage or carport.
4. The home sold recently in mid-2024. What can that price tell me?
The sold price range from July 2024 provides the most current market benchmark for this specific property. It shows what a buyer was willing to pay recently, which is often more informative than the assessed value for understanding current market conditions.
5. Why is the year built highlighted as a key feature?
Built in 1994, this home is significantly newer than the neighbourhood average (around 1948-1950). This is a less obvious advantage that can mean updated building materials, electrical systems, and insulation standards compared to many of its neighbours, potentially reducing immediate repair costs.