Property Overview: 237 Parkville Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 237 Parkville Bay in the Pulberry neighborhood presents a solid, above-average offering in several key areas. Its primary appeal lies in its strong value positioning within its immediate community. With an assessed value of $442,000, it ranks in the top 7% on its own street and above both neighborhood and city averages, suggesting a premium perception for this specific location. The living space (1,196 sq ft) is also notably above the street average, offering more room than many direct neighbors in a home built in 1962.
The property would suit practical buyers looking for a well-established neighborhood with a track record of value. It’s ideal for someone who prioritizes space and assessed value over a newer build or a maximized lot size (the lot is slightly smaller than others on the street). The data indicates a home that stands out on its block, potentially offering a good balance of interior space and investment stability for the area, without being an outlier in the wider city context.
Section 2: Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for between $450,000 and $500,000 in late 2022. The current assessed value of $442,000 is reasonably aligned with that sale, considering market adjustments and the purpose of assessment valuation.
2. Is the lot size a disadvantage?
At just under 6,000 sq ft, the lot is smaller than the average for Parkville Bay. This could mean less backyard space than some neighbors but may also translate to less maintenance. It’s slightly larger than the citywide average for comparable homes.
3. What does the "Above Average" ranking for year built mean?
Built in 1962, this home is newer than the average home on its street (1960). This is a relative positive on the block, though it is around the average age for the broader Pulberry neighborhood and city. Expect the character and potential renovation needs typical of early-1960s construction.
4. How reliable are the sold price comparisons for nearby homes?
The listed nearby sales (e.g., 229, 246 Parkville Bay) provide a general benchmark. Note that the data is from public records, not the MLS, and exact prices require a manual request from the site. These comparables show similar ages but variations in size and value, highlighting the uniqueness of each property.
5. Where does this property truly excel compared to others?
Its standout feature is its value ranking on its specific street. It outperforms 93% of its neighbors in assessed value and 78% in living area size. This suggests it is considered a leading property on Parkville Bay itself, even if its metrics are more average when zooming out to the entire city.