Property Overview: 445 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2024, stands out for its new construction and above-average interior space in its established King Edward neighbourhood. With 1,456 sqft of living area and a renovated basement, it offers modern finishes and a practical layout. Its primary appeal lies in being a turn-key, contemporary property in a mature area, eliminating the immediate need for updates or renovations.
The home’s assessed value is notably high for its immediate area, ranking in the top 3% on its street and top 1% in King Edward. This suggests it is a premium property within its local market, likely due to its newness and size relative to older, smaller surrounding homes. The lot size is average for the neighbourhood but smaller than the Winnipeg city average, indicating a lower-maintenance yard suited for urban living.
This property would best suit buyers looking for a modern home without the wait of new construction, who value being in a central, established community. It’s ideal for professionals, small families, or downsizers seeking a move-in-ready space with the efficiency and design of a new build, set within the character of an older neighbourhood.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessed value reflects the home’s very recent construction (2024) and its larger living area compared to the neighbourhood's older housing stock, which consists mostly of homes built in the early to mid-1900s. It is assessed as a modern, premium property in its context.
2. What does the "renovated basement" include?
The listing specifies a renovated basement, which typically means it is finished as legal living space. For exact details on features, layout, and ceiling height, a viewing or inquiry with the listing agent is recommended.
3. Is there parking or a garage?
The property details list "Garage: None." Parking is likely via driveway or on-street. Confirming the exact parking arrangement during a viewing is advisable.
4. How does the lot size impact the property?
At 2,714 sqft, the lot is manageable and average for King Edward, but smaller than typical Winnipeg lots. This means less yard maintenance, but also limited space for expansions, large decks, or extensive landscaping.
5. The last sold price range (2020) is far below the current assessed value. Why?
The 2020 sale likely occurred before the current house was built, reflecting the land value at that time. The current assessed value is for the newly constructed home, explaining the significant difference.