Property Overview
27 Parkway Place is a spacious, well-established two-storey home in Winnipeg's River East neighbourhood. Built in 1983, it sits on a large, approximately 10,800 sqft lot and offers over 2,800 sqft of living space. Key features include a renovated basement, an attached garage, and a private pool. The property's standout characteristic is its scale, ranking in the top tier for both lot size and living area within its immediate area, neighbourhood, and the wider city. Its assessed value also ranks highly compared to nearby homes, suggesting a solid foundation of perceived market value for its offerings.
Section 1: Key Features & Appeal
Key Characteristics:
This is a home defined by generous space, both indoors and out. The nearly quarter-acre lot provides significant outdoor privacy and room for recreation, highlighted by the in-ground pool. The interior living space is substantial, well above neighbourhood averages. Modern updates are noted in the basement, and the home includes practical amenities like an attached garage.
Where the Appeal Lies:
The primary appeal is for buyers seeking a established family home with room to grow and entertain without moving to a newer suburban division. The pool is a major lifestyle asset for summer months. Beyond the obvious space, the home’s high percentile rankings indicate it's a larger, more valuable property within its existing community—a position that often offers stability and a different kind of prestige than a similarly-sized home in a uniformly large-lot subdivision. It suits a buyer who values established trees and neighbourhoods but doesn’t want to compromise on square footage or yard size.
Ideal Buyer Profile:
This property would best suit an established family or multi-generational household looking for long-term living with ample indoor and outdoor space for gatherings, hobbies, and privacy. It appeals to those who appreciate the character of mature neighbourhoods and desire recreational amenities like a pool at home. The renovated basement also offers potential for a separate living area, home office, or entertainment suite.
Section 2: Frequently Asked Questions
1. How does the age of the home (1983) affect maintenance?
While major systems like the roof, windows, and plumbing are likely not original, a home of this age will require proactive maintenance and periodic updates. The renovated basement is a positive, but buyers should budget for the ongoing upkeep typical of a 40-year-old structure and consider a thorough inspection of other major components.
2. The assessed value seems low compared to the home's described value. Why?
Municipal assessed value in Manitoba is for tax purposes and is not intended to reflect current market value. It is often significantly lower. The more relevant data point here is that this home’s assessment ranks in the top 6% on its street and top 1% in the neighbourhood, confirming it is considered a higher-value property in its area.
3. What are the ongoing costs associated with the pool?
Beyond initial seasonal opening/closing, owners should budget for increased water and electricity usage, chemical treatments, routine maintenance, and eventual equipment replacement. Insuring a home with a pool may also carry different requirements or slight premium increases.
4. The lot is large, but how is the privacy?
The lot size suggests good potential for privacy. However, this can be influenced by the placement of the home on the lot, the maturity of landscaping, and the style of neighbouring properties. A site visit is the best way to gauge the actual privacy feel of the backyard and pool area.
5. How does this home compare to newer builds with similar space?
Unlike newer builds, this home offers an established neighbourhood with mature trees and landscaping that cannot be replicated quickly. The trade-off is likely a different floor plan style (common to the 1980s) and the potential for more deferred maintenance. It offers space and community character rather than modern design and brand-new construction.