Property Overview: 15 Parkville Drive, Norberry, Winnipeg
Key Characteristics & Buyer Profile
This home at 15 Parkville Drive presents a specific value proposition centered on its below-average price point within a mature Winnipeg neighbourhood. The 672 sqft bungalow, built in 1957, sits on a 4,545 sqft lot. Its key characteristic is its assessed value of $309k, which is notably below the average for its own street but aligns more closely with the averages for the wider Norberry area and city. This creates an accessible entry point into the market.
The appeal lies in its affordability and its position in a long-established community. For the price, a buyer gains a detached home with its own land, which can be a rarity at this price point. It would suit first-time buyers, downsizers, or investors seeking a lower-cost entry into the detached home market, particularly those who prioritize location and lot ownership over square footage. A thoughtful perspective is that this property may represent a "value-play" on its street—offering the same neighbourhood amenities and location as higher-valued homes but in a more compact, manageable package. Its smaller size and lot also translate to potentially lower maintenance and utility costs.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The primary reason is the home's significantly smaller living area and lot size compared to other homes on Parkville Drive. At 672 sqft, it is the smallest home on the street in terms of living space, which is a major factor in municipal assessment.
2. What does the sold price history indicate?
Records show it last sold in January 2021 for between $300k and $350k. This suggests the current assessed value is in line with its recent market transaction, indicating stability.
3. Are there concerns with the home's age?
Built in 1957, the home is older than most on its street but is actually newer than many in the broader Norberry area. This age typically means potential for older mechanical systems (like plumbing or wiring) but also the possibility of more mature landscaping and established neighbourhood character.
4. How does the lot size impact potential?
At 4,545 sqft, the lot is smaller than most in the immediate area. This limits potential for large additions but may be appealing for those seeking less yard maintenance. It's worth investigating local zoning bylaws to understand what improvements are permissible.
5. How can I verify the exact past sold prices?
The website does not display exact sold prices due to data source restrictions. You must request the exact figures by email, and the team will provide a manual lookup, typically by the end of the same day.