352 Parkview Street

Property Overview: 352 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Parkview Street in the King Edward neighbourhood presents a practical and straightforward opportunity. Its key appeal lies in its modern build date (2015), which is a significant outlier in an area dominated by century-old homes. This translates to likely fewer immediate concerns with major aging systems compared to neighbouring properties.

With 900 sqft of living space and a detached garage, the home suits first-time buyers, downsizers, or investors seeking a low-maintenance, modern footprint in an established inner-city area. Its assessed value ranks above average for both the street and the neighbourhood, suggesting it is viewed as a solid asset within its immediate context. The lot size is modest, especially by city-wide standards, which points to a property focused more on the dwelling itself than on outdoor space.

A less obvious perspective is its potential as a "strategic hold" in a transitioning area. While its living area is below the city average, its modern build and above-average assessment for King Edward could position it well as older surrounding homes are renovated or replaced. It’s a home that offers contemporary convenience now, within a neighbourhood whose overall character is still evolving.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value of $30,500 is notably above the average for both Parkview Street and the wider King Edward neighbourhood. This typically reflects the property’s modern build year and condition relative to its older peers, and is a key factor in its higher property tax calculation.

2. How does the 2015 build year impact the home?
Built in 2015, this home is significantly newer than most in the area (where averages are from the 1940s-1950s). Buyers can expect newer construction standards, potentially more efficient insulation and wiring, and likely fewer major repairs in the short term compared to a heritage property.

3. Is the living space sufficient for a family?
At 900 sqft, the living area is functional but compact. It ranks around average for the neighbourhood but below the city-wide average. It would best suit a small family, a couple, or an individual. The one-storey layout adds convenience but limits spatial separation.

4. What is the significance of the lot size?
The lot of 2,712 sqft is manageable and around average for the street, but it is considerably smaller than the typical Winnipeg lot. This means lower yard maintenance but also limited potential for expansions like a large addition or pool. The focus here is on the home itself.

5. What can nearby sales history tell me?
The home sold in July 2016 for an estimated $25.5k-$28.5k. Comparing that to its current $30.5k assessment shows stable or appreciating value in its micro-market. The provided comparable properties, which are older and often have lower assessments, highlight this home’s premium position on the block based on its age and condition.