Property Overview: 118 Parkville Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 118 Parkville Drive presents a practical opportunity in Winnipeg's Pulberry neighborhood. Built in 1963, it is actually newer than many homes on its street, offering a slight advantage in potential upkeep. With 1,017 sqft of living space and a 5,641 sqft lot, the property is compact relative to immediate neighbors, positioning it as a more manageable and potentially affordable entry point into the area.
Its primary appeal lies in its value proposition. The home's assessed value of $326k is notably below the averages for both Parkville Drive and the wider Pulberry area, suggesting a lower property tax burden and a price point that may attract budget-conscious buyers. It last sold for an estimated $300k–$350k in late 2023, aligning with this assessment. This profile suits first-time homebuyers, downsizers, or investors seeking a straightforward, lower-maintenance property in an established neighborhood. The modest scale could be seen as an efficient use of space, appealing to those who prioritize location and lot ownership over square footage.
Section 2: Frequently Asked Questions
1. Is the smaller living area a significant drawback?
While below local averages, the 1,017 sqft layout may be efficient for individuals, couples, or small families. It represents a trade-off that likely contributes to the home's more accessible price point compared to larger homes on the street.
2. How does the assessed value impact property taxes?
A lower assessed value generally leads to lower municipal property taxes. With an assessment well below the street and neighborhood averages, this could translate to meaningful annual savings for the owner.
3. What does the 1963 build year mean for maintenance?
Being built in 1963 means major systems (roof, plumbing, electrical) may be due for updates or have recently been replaced. A thorough inspection is essential. On a positive note, the home is newer than the street average, which could indicate slightly less aging than some direct neighbors.
4. How does the lot size compare, and what does it allow?
At just over 5,600 sqft, the lot is smaller than others on Parkville Drive but is close to the citywide average. It provides a decent outdoor space for gardening or recreation but may have less privacy or expansion potential than larger lots in the immediate vicinity.
5. Where can I find verified past sale prices?
The provided sold price is an estimate from public data. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.