Property Overview: 223 Parkville Bay, Winnipeg
Key Characteristics & Appeal
This home at 223 Parkville Bay is a well-situated, mid-century property that presents a practical opportunity in Winnipeg's Pulberry neighborhood. Built in 1961, its 1,157 sqft living area and 5,936 sqft lot are consistently "around average" when compared to homes on its street, in the area, and across the city. This positions it as a standard, no-surprises offering in terms of size and vintage for the community.
The primary appeal lies in its value proposition. With an assessed value of $356k, it sits notably below the neighborhood average ($422.7k) and slightly below the street average ($383k). This suggests potential for a buyer to acquire a home in an established area at a relative discount compared to its immediate surroundings. The lot size, while smaller than some on the street, is still above the citywide average, offering decent outdoor space.
This property would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner or an investor—who is comfortable with a home from the 1960s and sees potential in its below-average assessment within a stable area. It’s less suited for those seeking a large, modern living space or a premium lot, but offers a solid entry point into the market.
Frequently Asked Questions
1. Is this a good value compared to other homes nearby?
The data suggests it may be. The home's assessed value is below the averages for both Parkville Bay street and the wider Pulberry neighborhood, while its living area is competitive. This could indicate a relative value opportunity.
2. What should I consider about a home built in 1961?
While the year built is typical for the area, a home of this age will likely have older major systems (like plumbing, electrical, and roofing). A thorough inspection is essential to understand the condition and any needed updates or repairs.
3. How does the lot size impact this property?
At just under 6,000 sqft, the lot is smaller than many on Parkville Bay but is still larger than the average Winnipeg lot. It provides decent yard space but may not offer as much privacy or expansion potential as larger plots on the same street.
4. The last known sale was between $300k-$350k in mid-2021. What does that mean for today's price?
That sale price provides a historical benchmark, but market conditions have likely changed since then. The current assessed value of $356k offers a more recent point of comparison, though the final market price will depend on condition, updates, and current demand.
5. Where can I get more precise historical sale data for this property?
The site notes that exact sold prices are not displayed publicly due to data sourcing rules. You can request the exact sale history via email from the provider for a manually verified report.