Property Overview: 350 Parkview Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1919, situated on a standard-sized lot in the King Edward neighbourhood. Its primary appeal lies in being a modest, entry-level property with a recently renovated basement, offering a practical footprint for a smaller household. The detached garage adds functional value.
The home’s standout characteristic is its efficiency. With 720 sqft of living space, it is notably smaller than average for the street, area, and city, which translates to lower utility costs and minimal upkeep. Its assessed value is proportionally modest, sitting around the average for its immediate surroundings but well below the city-wide average, suggesting a potentially accessible price point.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, no-frills home in a central location. It’s for someone who values character and location over square footage, and who sees a smaller, renovated home as an opportunity for manageable living rather than a limitation. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a well-maintained, century-old property that offers a genuine sense of place and history without the premium of a larger, modernized footprint.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft, the living area is below average for Parkview Street, the King Edward area, and Winnipeg overall. It represents a compact, efficient layout.
2. What is the significance of the assessed value being "around average" for the street but "below average" city-wide?
This indicates the property is priced consistently with its immediate neighbours in King Edward, but that property values in this area are generally more modest compared to the broader Winnipeg market.
3. The home was built in 1919. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for ongoing maintenance and updates typical of a century-old structure, such as potential updates to wiring, plumbing, or windows.
4. Is the lot size a constraint?
The lot is approximately 2,712 sqft, which is slightly smaller than the average for the street but standard for the neighbourhood. It provides adequate outdoor space for a small garden or patio but is not suited for extensive additions.
5. Who would this property not suit?
It would not be ideal for growing families needing multiple bedrooms or those who desire ample indoor living and storage space. The compact size requires efficient use of every square foot.