Property Overview: 235 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1914, is a classic character property in Winnipeg's King Edward neighbourhood. With 960 sqft of living space, it sits on a 2,709 sqft lot and features a basement that is present but not renovated. There is no garage or pool. The home’s assessed value is notably modest compared to the city-wide average, reflecting its vintage and simpler amenities.

Its primary appeal lies in its position as an affordable entry point into homeownership, particularly in a central area. The lot, while smaller than many in the city, is typical for the immediate neighbourhood. This property would best suit a first-time buyer, an investor looking for a rental property, or a hands-on individual comfortable with a home that may require updates over time. A less obvious perspective is its potential for someone valuing architectural character from the early 20th century, willing to trade modern square footage and lot size for historic charm and a lower tax base. Its size and layout also suggest a manageable footprint for downsizers seeking a cozy, low-maintenance base.

Section 2: Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full-height rooms in the center that taper at the sides. It offers more space than a bungalow but often with a cozier feel than a full two-storey.

2. How significant is the "unrenovated basement"?
This indicates the basement is functional and usable for storage or utilities but has not been modernized or finished into a living space (like a rec room or apartment). Buyers should budget for potential moisture management, insulation, or updating foundational systems, common in century-old homes.

3. The assessed value seems very low compared to the city average. Why?
Property assessment is based on a mass appraisal system considering factors like location, size, age, and condition. This home's age, smaller size, and lack of major renovations place it in a lower value category. It's important to note that the assessed value is for taxation purposes and the market sale price can be different.

4. What are the practical implications of no garage?
Parking will be on-street. This is typical for many older neighbourhoods, but buyers should consider winter parking bans, the availability of space, and their personal comfort with managing vehicles without a sheltered space.

5. Is the lot size a drawback?
At just over 2,700 sqft, the lot is smaller than the Winnipeg average but is relatively standard for the King Edward area. This means lower exterior maintenance but limited space for extensive gardening, additions, or detached structures. It offers a compact, efficient yard.