Property Overview: 335 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 335 Parkview Street in Winnipeg’s King Edward neighbourhood presents a practical and modern living opportunity. Its key characteristic is its contemporary build date of 2016, making it a notably newer property compared to most homes on its street and across the city. This suggests updated building systems and less immediate need for major repairs. The living space (924 sq ft) is comfortably sized for the area and sits above the citywide average for similar homes, while the renovated basement adds functional space.

The appeal lies in its balance of modernity and location. It offers a move-in-ready canvas in an established neighbourhood, avoiding the quirks and renovation projects often found in century-old homes. The property’s assessed value is strong for King Edward, indicating it is viewed favorably within its immediate market context.

This home would suit first-time buyers or downsizers seeking a low-maintenance, modern property without venturing into new suburban developments. It’s also a sensible fit for pragmatic investors looking for a newer asset in a stable, central neighbourhood, as its modern infrastructure could mean lower upkeep costs and reliable systems for tenants.

Section 2: Frequently Asked Questions

1. How does the lot size impact this property?
At 2,711 sq ft, the lot is smaller than average for both the street and the city. This means lower yard maintenance, which can be a plus for busy owners, but may limit expansion potential or private outdoor space compared to neighbouring properties.

2. What does the "above average" assessed value in King Edward indicate?
While the assessed value is below the citywide average, ranking "above average" within King Edward specifically suggests the property is considered a higher-quality asset within this particular neighbourhood, likely due to its new build year.

3. Are there any apparent trade-offs for the modern build year?
The newer build comes with a smaller lot and living area that, while efficient, is more compact than the typical Winnipeg home. You’re trading space and a larger yard for modern construction and systems.

4. What is the neighbourhood context of King Edward?
King Edward is a central, mature neighbourhood. The listing shows nearby homes are predominantly from the early 1900s, meaning this 2016 build is an exception. This offers modern living but within a streetscape of classic, character homes.

5. How should I interpret the sold price history from 2016?
The sold price range shown (24.50k ~ 27.50k) is from August 2016, which was likely near the time of construction. This historical data is most useful for understanding the original purchase price, not the current market value, which is better reflected by recent comparable sales and the current assessed value.