Property Overview: 9 Parkville Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 9 Parkville Drive in Norberry is defined by its compact efficiency and historical roots. Built in 1920, it is notably older than most homes in its immediate area and across Winnipeg. With 780 square feet of living space on a 3,000 sqft lot, its footprint is significantly smaller than neighbourhood and city averages. The current assessed value of $231k reflects this scale, positioning it well below average for the street and wider market.
The primary appeal lies in its affordability and potential as a manageable entry point into homeownership. It suits first-time buyers, investors, or downsizers seeking minimal upkeep and a lower property tax burden. A thoughtful perspective is its lot size: while smaller than most, the 3,000 sqft parcel is still a decent urban lot, offering outdoor space without the maintenance demands of larger yards. Its age and unique character, in a street of predominantly mid-century homes, could also appeal to a buyer interested in a home with a story, provided they are prepared for the considerations that come with an older structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value is based on specific property characteristics. This home has a significantly smaller living area and lot size than its neighbours, and it is the oldest home on the street. The valuation reflects these tangible differences.
2. What should I consider due to the home's age (built 1920)?
While offering charm, a home of this age may have outdated systems (like plumbing or electrical) and will likely require diligent maintenance or updates. A thorough, professional home inspection is essential to understand the condition and potential future costs.
3. The lot seems small. What are the implications?
The 3,000 sqft lot is smaller than typical but still provides private outdoor space. This can be a positive for those wanting less yard work. However, it may limit expansion possibilities, so checking local zoning bylaws for any future renovation or addition plans is important.
4. How reliable are the past sold price ranges shown?
The displayed price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via the provided email service on the site.
5. This seems like a starter home. Is it a good investment?
Its affordability makes it accessible. Potential for appreciation would be closely tied to the overall market and any value-added renovations, given the home's current below-average metrics for size and value in the area. It may offer steady, long-term equity growth rather than rapid short-term gains.