Property Overview: 23 Parkway Place, River East, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and established value. At 2,444 sqft, its living area is notably spacious, ranking within the top 4% of the River East neighborhood and the top 3% city-wide, offering significantly more room than typical Winnipeg homes. It sits on a large 10,712 sqft lot, providing ample outdoor space that is well above area and city averages. Built in 1986, the property is newer than most comparable homes in its immediate area and neighborhood, suggesting potentially fewer concerns with aging infrastructure found in older builds.
The primary appeal lies in its position as a substantial, well-sited property in a mature community. While its assessed value of $612k is around the average for its own street, it ranks within the top 3% for River East, indicating it is a premium property within a desirable neighborhood context. This home would ideally suit buyers looking for generous interior and yard space without moving to a distant suburb—those who value established communities, larger lot sizes, and a home that stands above the norm for the broader area. It’s a property that offers neighborhood prestige and city-level rarity in terms of square footage.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The property last sold in August 2019 for between $500,000 and $550,000. Its current assessed value of $612k is above that prior sale range and ranks 7th highest out of 16 homes on Parkway Place, placing it slightly above the street's average assessed value.
2. Is the living space efficient for a home of this size?
While the total living area is large, it's important to consider the layout. The home was built in 1986, so its floor plan may differ from modern open-concept designs. Viewing the property in person is the best way to assess if the space meets your functional needs.
3. What does the "Elite" ranking for the neighborhood actually mean?
For River East, rankings in the top 5% (like this home's living area and assessed value) mean it is among the largest and most valuable properties in one of Winnipeg's larger neighborhoods. It signifies a standout property within a well-established area, not necessarily a luxury enclave.
4. The lot is large, but how is it shaped and positioned?
The lot size of 10,712 sqft is a major asset. To understand its usability—for example, for gardening, additions, or privacy—you would need to review the lot dimensions and orientation on a survey or detailed map, as shape is as important as total square footage.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sold figures are not displayed publicly here. You can request the full, verified transaction history by emailing the site directly for a manual lookup.