381 Parkview Street

Property Overview & Key Characteristics

This one-and-three-quarter storey home on Parkview Street presents a classic Winnipeg character property built in 1913. Its primary appeal lies in its established King Edward neighbourhood location and its generous, above-average lot size of over 2,700 square feet, which ranks within the top half of the street. The 960 sqft living area offers a practical footprint. A notable characteristic is the home's age, which is newer than most on its street and in the wider area, potentially suggesting updated infrastructure or construction for its era. The property includes a basement, though it is noted as not renovated.

The home suits first-time buyers or practical investors looking for an entry point into a central neighbourhood with land value being a significant component. Its assessed value is strong for the street, indicating it is seen as a solid asset in its immediate context. The appeal is grounded in fundamentals—space, location, and a value-oriented price point—rather than modern finishes or amenities.

Frequently Asked Questions

What does "one-and-three-quarter storey" mean for this home?
This is a common Winnipeg architectural style where the upper floor is smaller than the main floor, often with sloped ceilings or dormers. It typically offers more space and character than a bungalow but with a different layout than a full two-storey.

The lot is large for the area. What are the implications?
The larger lot (2,713 sqft) provides more outdoor space and potential for gardening or expansion. It also often means a greater portion of the property's value is in the land itself, which can be a stable long-term asset.

How significant is it that the home is "newer" than most on the street?
Built in 1913, it's newer than 96% of its direct neighbours. While still a century-old home, this could mean slightly different construction methods or materials for the period, and it may have had fewer decades of wear before any past updates.

The basement is "not renovated." What should I expect?
Expect a functional, utilitarian space typical of homes of this age. It will likely have concrete walls and floors, housing the furnace and utilities. It offers storage and workshop potential but would require investment to become finished living space.

How does the assessed value compare to the recent sale price?
The property was last sold in June 2023 for $18,400 and is currently assessed at $19,100. The close alignment suggests the market and city assessment see consistent value, and the sale provides a very recent, transparent benchmark.