Property Overview: 256 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1918, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as a modest, entry-level property with a below-average assessed value, both for the street and the wider city. With 1,063 sqft of living space, it offers slightly more room than many comparable homes in the immediate area. The lot size is compact at 2,709 sqft, which translates to lower maintenance but less private outdoor space.

The home suits first-time buyers, investors, or downsizers seeking an affordable foothold in a central neighbourhood without a major renovation project upfront—the basement exists but is noted as not being renovated. Its value proposition is straightforward: it’s a functional, no-frills property where the price reflects its age and condition. A thoughtful perspective is that its lower assessed value, while indicating a need for potential updates, also suggests a correspondingly lower property tax burden, which can be a significant long-term saving. The home’s character and potential are rooted in its classic early-20th-century build, appealing to those who see value in solid foundations over modern finishes.

Section 2: Frequently Asked Questions

1. What does "below average" assessed value really mean for this property?
It means the city's assessment for tax purposes is lower than most homes on the street, in the neighbourhood, and across Winnipeg. This typically points to a lower purchase price and lower annual property taxes, but it can also reflect the home’s age, the unrenovated basement, and the compact lot.

2. Is the living space adequate for a small family?
At just over 1,000 sqft, the living area is workable for a small family or couple, especially as it ranks above average for the King Edward area. The one-and-a-half storey layout, common for its era, often means bedrooms on the upper level, which can provide a good separation of space.

3. What are the implications of the unrenovated basement?
This indicates the basement is in original or functional condition but not modernized. It provides utility space and storage but would require investment to become a finished living area. Buyers should budget for potential moisture-proofing and updates to essential systems like wiring or plumbing that may be accessed from this space.

4. How does the compact lot size affect daily living?
The lot is smaller than average, which minimizes yard work and upkeep—a plus for those seeking low maintenance. The trade-off is limited space for gardening, private outdoor entertaining, or future expansions like a large deck or garage.

5. The home was last sold in 2019. Why is the exact price not listed publicly?
Exact sale prices in Manitoba are not part of the public record. The provided range is an estimate based on available data. To obtain the precise historical sale price, you must request it directly from the listing service, which verifies the information manually through secure channels.