3416 Parkin Avenue

Property Overview

This 1992-built two-storey home in Varsity View offers a well-established family footprint on a generous 6,601 sqft lot. Its key appeal lies in its above-average scale and proven value within a mature neighbourhood. With 2,500 sqft of living space, a finished basement, and an attached garage, it provides substantial room for family life. The home's competitive rankings are notable: it sits in the top 3% of Winnipeg for living area and the top 4% for assessed value, suggesting it is a larger, higher-value property compared to most in the city. It particularly suits buyers looking for a move-in ready, spacious home without venturing into new suburbs, and who appreciate the stability of a neighbourhood that's over three decades old. A thoughtful perspective is that while the 1992 build date isn't new, it places the home in an era of solid construction after the major neighbourhood development phase, potentially offering more mature landscaping and settled infrastructure than newer areas.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and the wider city. For example, ranking in the "top 3% for living area in Winnipeg" means 97% of homes in the city are smaller. This indicates a genuinely spacious property relative to the market.

2. The last sale was in 2022 for $695,000, which matches the current assessed value. What does this indicate?
This suggests the assessment is closely aligned with a very recent market transaction, providing a clear and current benchmark for the property's value. It reflects market stability for this home over the last two years.

3. Is the lot size a significant feature?
At 6,601 sqft, the lot is larger than many in urban neighbourhoods, offering ample backyard space for recreation, gardening, or future additions like a deck or shed—a valuable asset in an established area.

4. The home ranks lower (78th percentile) for age on its street. What does this imply?
This means it is one of the older homes on its specific block, with 78% of its street neighbours having newer builds. This could appeal to those who prefer the character and established trees often found with older homes in a street of varied ages.

5. What is the significance of the "finished basement" detail?
A finished basement immediately adds usable living space—for a rec room, home office, or guest area—without the need for a renovation project. It enhances the home's functional square footage beyond the main 2,500 sqft.