Property Summary: 354 Parkview Street, Winnipeg
Key Characteristics & Appeal
This 900 sqft bi-level home at 354 Parkview Street in the King Edward neighbourhood presents a practical and modernized living option. Built in 2015, it is a notably newer construction compared to most homes on its street and in the wider city, which suggests fewer immediate concerns with major aging components like roofing, windows, or foundation. The home features a renovated basement, adding functional living space. It sits on a modest, manageable lot of 2,712 sqft.
The primary appeal lies in its modern age and updated condition within an established neighbourhood. The data indicates its assessed value ranks highly for its immediate area, suggesting it is perceived as a solid asset relative to its local peers. This home would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready property without the larger yard upkeep of a typical city lot. It’s a sensible choice for those prioritizing modern infrastructure and interior finishes over square footage or expansive outdoor space.
Frequently Asked Questions
1. How does the property’s size compare to the area?
At 900 sqft of living area, the home is very close to the average size for the King Edward neighbourhood (952 sqft average), but is below the city-wide average. This indicates a comfortable fit for the local context, ideal for individuals, couples, or small families.
2. What does the above-average assessed value on the street indicate?
The home’s assessed value ranks in the top 18% on Parkview Street. This typically reflects factors like its newer construction year and renovated condition compared to older neighbours, which the assessor recognizes in its valuation.
3. Is the lack of a garage a common feature for this area?
The listing notes no garage. Given the home’s smaller lot size and the age of many surrounding properties, off-street parking or garages may be less common in this specific part of King Edward. Buyers should confirm on-site parking arrangements.
4. The last sold price range shows a significant increase from the current assessed value. Why?
The home sold in May 2022 for an estimated $32.5k-$35.5k, while the current assessed value is $33.1k. This close alignment suggests the assessment is likely in line with recent market activity, providing a stable benchmark for municipal taxes.
5. What are the trade-offs of the smaller lot size?
The land area is below the city-wide average, meaning less private outdoor space. However, it is around average for King Edward. This can be a positive for those seeking minimal yard maintenance, but a limitation for those wanting extensive gardens, play space, or additions.