Property Overview: 435 Parr Street, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1909, situated on a standard-sized lot in the Inkster-Faraday neighbourhood. Its key characteristic is its exceptionally modest scale and valuation. At 544 sqft, the living area is significantly smaller than most homes in the area and across Winnipeg. The property's assessed value is correspondingly low, ranking in the bottom 10% locally.
The primary appeal lies in its potential as a minimal-footprint, entry-level investment or a straightforward, low-cost housing solution. It suits a very specific buyer: an investor looking for an affordable rental property with baseline utility, or a hands-on individual seeking the absolute lowest price point to enter the market, with the understanding that the home requires modernization (the basement is noted as not renovated). It is not suited for those needing space or expecting turn-key condition. A less obvious perspective is that its tiny size and historic roots offer a unique case study in minimalist urban living, far removed from modern standards, which could hold a specific, pragmatic appeal for the right person.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's very small size (544 sqft), its age, and its condition relative to the broader market. It is priced as a basic structure on a parcel of land.
2. What does "basement, not renovated" typically mean for a home of this age?
For a house built in 1909, this usually indicates a traditional stone or concrete foundation cellar with minimal finishing. It likely provides essential mechanical space and storage but would require significant work to be converted into livable space.
3. How should I interpret the sold price history ranges?
The listed ranges (e.g., $10.50k ~ $13.50k) are estimates based on public data. To obtain the exact sale price for transaction history, you must request it via the provided email service, which the site manually fulfills.
4. Is the land size a redeeming feature?
The lot is around 3,000 sqft, which is fairly average for the immediate street but below the Winnipeg average. It provides a standard outdoor space for the area but is not unusually large.
5. Who would be the most likely buyer for this property?
The most likely buyer is an investor or a very budget-conscious individual seeking the lowest possible entry price into the market. It is a functional asset requiring investment, rather than a move-in-ready family home.