Property Summary: 457 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 457 Parkview Street in the King Edward neighbourhood presents a practical and modern opportunity. Built in 2016, its key appeal lies in its relative newness compared to most homes in the area and city-wide, suggesting fewer immediate concerns with aging infrastructure. With 924 sqft of living space, it offers a manageable size that is quite typical for its immediate street and neighbourhood, making it a comfortable fit for smaller households.
The home’s assessed value ranks above average for both Parkview Street and King Edward, indicating it is viewed favorably within its local market context. The lot size is standard for the area but notably smaller than the city-wide average, which translates to less yard maintenance—a potential perk for some. The property does not have a garage or pool, and the basement is noted as unrenovated, pointing to a home that is livable as-is but with clear potential for future customization.
This property would best suit first-time buyers or downsizers seeking a modern, low-maintenance home in an established neighbourhood. It’s also a sensible choice for an investor or buyer who values a newer build’s efficiency and prefers to tailor finishes to their own taste over time, seeing the unfinished basement as a blank canvas rather than a drawback.
Section 2: Frequently Asked Questions
1. How does the age of this home (2016) compare to others in the area?
It is significantly newer. The data shows it ranks in the top 7% for year built both on its street and in the wider King Edward neighbourhood, where comparable homes average a build year around 1950.
2. Is the assessed value of $31,200k typical?
For this specific area, it is above average. It ranks in the top 20-26% for assessed value on Parkview Street and in King Edward, meaning it is valued higher than most direct peers.
3. What should I know about the lot and living space?
The living space (924 sqft) is very close to the neighbourhood average. The lot (2,713 sqft) is standard for King Edward but is below the Winnipeg city-wide average, resulting in a more compact yard.
4. Are there any recent sale prices available for this exact home?
The provided sold price history shows a range from August 2016. For the exact sold price, you can request the information via email from the listing source.
5. What are the obvious projects or updates needed?
The listing specifically notes the basement is “not renovated.” Buyers should budget for finishing this space if desired. The lack of a garage is also a fixed characteristic to consider for parking and storage needs.