Property Overview & Key Characteristics
This one-storey home at 390 Parkview Street in Winnipeg's King Edward neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate context. The 1,000 sqft living space is typical for the street and area, but the property stands out with an assessed value that ranks above average for both Parkview Street and the wider King Edward area. This suggests a perceived value that outpaces many direct comparables. The lot is a notable asset at over 5,200 sqft, offering generous outdoor space that is well above the neighbourhood average. A renovated basement and a detached garage add functional utility.
The home would suit a first-time buyer or a pragmatic downsizer looking for a solid entry into a mature neighbourhood without a premium price tag. It also appeals to value-focused investors or buyers who prioritize land size over a large interior footprint, seeing potential in the sizable yard. A less obvious perspective is that its "around average" home size on an "above average" lot for the area could represent a balance—offering manageable upkeep indoors while providing rare outdoor space for gardening, expansion, or simple privacy in the city.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $31,100 ranks in the top 27% on its own street and the top 20% within the King Edward neighbourhood, indicating it is assessed higher than many surrounding properties. Citywide, however, it sits around the average mark.
2. Is the lot size typical for the area?
No, the 5,206 sqft lot is a significant feature. It ranks above average (top 17%) for the King Edward neighbourhood, where the typical comparable lot is about 3,800 sqft.
3. What is the home’s condition and update history?
The listing notes a renovated basement. As the home was built in 1947, prospective buyers should investigate the age and condition of major systems like roof, wiring, and plumbing, and verify the scope of the basement renovation.
4. What was the recent sale activity?
The home sold in May 2024. The exact sale price is available upon request from the listing service, but the provided range was between $29,500 and $32,500.
5. What are the practical implications of a one-storey layout with a detached garage?
The single-level living is ideal for accessibility or those preferring to avoid stairs. The detached garage offers flexibility but means navigating outdoors in Winnipeg winters. The layout may also mean a more efficient use of the generous lot space.