Property Overview: 426 Parkview Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Parkview Street in the King Edward neighbourhood is a compact, historically grounded property. Its key characteristics include a 664 sqft living area, an unfinished basement, no garage or pool, and a 2,712 sqft lot. Built in 1914, it is notably older than most area homes. The appeal lies in its position as one of the most accessible entry points into the Winnipeg market, underscored by a very low assessed value. It last sold in 2024 for an estimated $12.5k–$15.5k.

This property suits a very specific buyer: investors or handy owner-occupants looking for a minimal-cost footprint. Its ultra-low price and taxes make it a candidate for a land-hold strategy, a cosmetic renovation project, or as an affordable rental opportunity. The lot size is relatively standard for the immediate area, offering potential for future expansion, subject to zoning. Buyers should be prepared for the realities of a 112-year-old home that ranks below average in size, value, and modernity compared to its peers. Its true potential is unlocked by viewing it not as a traditional move-in ready home, but as a foundational asset requiring vision and investment.

Section 2: Frequently Asked Questions

1. What does the "below average" ranking for living area and value actually mean?
The data shows this home is smaller and has a lower assessed value than the vast majority of homes on its street, in King Edward, and across Winnipeg. For example, its living area is in the bottom 6% citywide, meaning 94% of comparable homes are larger.

2. Is the low assessed value a positive or a negative?
It's a double-edged sword. It translates to very low property taxes, which is a significant ongoing cost advantage. However, it also reflects the home's age, compact size, and lack of renovation relative to the market, indicating a necessary investment to modernize.

3. What are the less obvious considerations for a home built in 1914?
Beyond expected updates, consider the historical construction methods and materials. There may be charm and solid bones, but also potential for outdated wiring, plumbing, and insulation. This era of home may not have modern vapour barriers or foundation damp-proofing, which are critical in Winnipeg's climate.

4. The lot is "around average" for the street but "below average" citywide. Why does that matter?
It means the land parcel is typical for this specific, established neighbourhood where lots are generally smaller. This is useful for understanding context, but the citywide comparison highlights that this is not a large, suburban-style lot. Development or expansion would need to conform to the existing neighbourhood pattern.

5. How reliable are the provided sold price ranges, and why isn't the exact price shown?
The ranges are based on publicly available data, which sometimes only shows approximate values. The exact sale price is not always disclosed in public records. You can request the precise figure via email from the source, as they manually compile this data from non-public sources.