Property Overview: 355 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 355 Parkview Street in the King Edward neighbourhood presents a practical and modern living option. Its key characteristic is its relative newness, built in 2012, which stands out in an area predominantly composed of century-old homes. This suggests a foundation with fewer immediate concerns about aging major systems, a significant advantage for buyers wary of the hidden costs in older properties.

The home’s appeal lies in its balance and efficiency. With 906 sqft of living space and a renovated basement, it offers functional space without being excessive. The data reveals a thoughtful perspective: while the lot size is modest compared to the city-wide average, it is typical for the local street and area. This positions the property as a low-maintenance option, ideal for those who prefer spending less time on yard work. The assessed value is notably strong for both the street and the broader King Edward area, indicating that the property is viewed favorably within its immediate market context.

This home would suit first-time buyers or downsizers seeking a modern, move-in-ready property in a well-established neighbourhood. It’s also a sensible match for value-conscious investors or owner-occupants who prioritize newer construction and a renovated basement over expansive square footage or large lots.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its neighbours?
The home’s assessed value ranks in the top 20% on its own street and top 17% in the King Edward area, meaning it is assessed higher than most comparable homes nearby. This often reflects factors like its newer construction (2012) and renovations.

2. Is the living space smaller than average?
Within the King Edward neighbourhood, the living area is quite average, ranking near the middle. It is, however, below the city-wide average for homes, which reflects its efficient design and the typically larger footprint of homes in newer suburban areas.

3. What are the implications of the lot size?
The lot is modest by Winnipeg’s overall standards but is standard for this central neighbourhood. This translates to less exterior maintenance, which can be a benefit, but may limit expansion possibilities or extensive gardening.

4. What is the history of sales for this home?
Public records indicate a sale in November 2017 for an estimated range of $255k-$285k. For the precise historical sold price, you can request the exact figure via email from the listing source.

5. What type of properties are considered comparable?
The listing references nearby homes on Parkview Street and similar assessed-value properties in neighbourhoods like Elmhurst and Varsity View. True comparables would be other bi-level or similarly sized, modernized homes in central Winnipeg neighbourhoods, not necessarily older, character homes.