Property Overview: 110 Parkside Drive, Bruce Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1946, sits on a well-sized 5,255 sqft lot in the Bruce Park neighbourhood. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its solid, established neighbourhood setting and its lot size, which is generous for the immediate area. While the living space (1,375 sqft) is comfortable and typical for the locale, the standout characteristic is the home’s age relative to its street—it is the oldest on Parkside Drive, which can be a unique point of charm for buyers attracted to classic character and established, tree-lined streets.

This property would suit a practical buyer who values space and location over a modern, turn-key home. It’s ideal for someone comfortable with the maintenance considerations of an older home but who appreciates the foundational work of a renovated basement. The assessed value is notably lower than street averages, potentially indicating room for value growth or an attractive entry point into the neighbourhood for a first-time buyer or an investor looking for a property with solid fundamentals in a stable area.

Section 2: Frequently Asked Questions

1. What does it mean that the home is the "oldest" on the street?
This indicates the home was the first built on Parkside Drive in 1946. For buyers, this often means mature landscaping, well-established neighbourhood character, and potentially classic architectural details. It also suggests that major systems (roof, plumbing, wiring) may have been updated over time, so inquiring about the history of renovations is key.

2. How does the lower assessed value compared to the street affect me?
A lower assessed value can result in relatively lower property taxes, which is a direct annual savings. It may also reflect the home’s older condition or simpler finishes compared to neighbours, representing a value opportunity for buyers willing to invest in updates over time.

3. Is the renovated basement a full suite?
The listing notes a "renovated basement" but does not specify if it is a legal suite with a separate entrance. This is a crucial question for buyers interested in rental potential or additional living space, as finishing and legal status can vary greatly.

4. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or as a workshop without concerns about noise or fumes entering the house. The trade-off is convenience, as you’ll need to go outside to access it, which can be a factor during Winnipeg winters.

5. The last sale was in 2019 for $28.3k. What does that indicate?
This very low sale price from 2019 is atypical for a standard market transaction and strongly suggests the property was transferred under non-arms-length conditions, such as between family members. It should not be used as a benchmark for the home’s current market value, which will be significantly higher.