Property Overview
3404 Parkin Avenue is a well-established, single-family home in the Varsity View neighbourhood. Built in 1974, this one-storey bungalow sits on a large, approximately 6,000 sqft lot and offers 1,261 sqft of living space, featuring a finished basement. It presents a classic, low-maintenance layout suited for downsizers, first-time buyers, or investors seeking a property with solid fundamentals in a central, academic-adjacent community.
Its primary appeal lies in its generous lot size—ranking in the top third for land area across Winnipeg—offering valuable outdoor space and future potential in a mature area. The home’s assessed value has seen appreciable growth since its last sale in 2019. It suits buyers who prioritize lot value over a modern build, appreciate the quiet, tree-lined streets of Varsity View near the University of Manitoba, and are comfortable with a home that may require updates reflective of its era. A thoughtful perspective is that while its interior size and build year rank in the middle of the pack locally, the significant lot size provides a tangible asset that is increasingly scarce, offering a different kind of value than square footage alone.
Key Questions
1. What is the neighbourhood like?
Varsity View is a quiet, mature neighbourhood known for its proximity to the University of Manitoba. It typically offers a mix of long-term residents and academic staff, with a peaceful, community-oriented feel.
2. Is the basement included in the living area square footage?
The listed 1,261 sqft refers to the main living area. The basement is finished but is additional space, a valuable feature for recreation, storage, or extra rooms.
3. How does the 2019 sale price compare to the current assessment?
The home sold for $343,000 in 2019 and is now assessed at $392,000. This indicates a positive trajectory in its market value over the past five years.
4. What does the ranking data mean for this property?
The rankings compare this home to others on its street, in Varsity View, and across Winnipeg. Key takeaways are its lot size ranks very well city-wide (top 32%), while its build year and living area are more average for the local area, painting a picture of a property where the land is a standout feature.
5. Is this a good investment property?
Given its location near the university, the finished basement, and the steady value increase, it could be attractive for rental investment. However, its specific suitability would depend on the buyer’s investment strategy and the property’s current condition.