Property Overview: 445 Parr Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1927, situated on a standard-sized lot in the Inkster-Faraday neighbourhood. Its primary appeal lies in being a functional, no-frills property with a recently renovated basement. At 660 sqft, the living area is notably smaller than most homes in Winnipeg, making it one of the city's more modestly sized offerings. However, its assessed value is strong for its immediate street and area, suggesting it may represent good value within its local context. The home includes a detached garage.
This property would best suit a first-time buyer, an investor, or someone seeking an extremely efficient, low-maintenance footprint. Its size and price point make it a practical entry into the market. A thoughtful perspective is that this home outperforms many of its direct neighbours in assessed value, which could indicate it's a well-maintained standout on its block or that the renovated basement adds a disproportionate amount of utility for the area.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 660 sqft, this home's living area is below average for its street, neighbourhood, and especially for the city of Winnipeg as a whole. It is among the smaller 2% of homes citywide by living area.
2. What does the assessed value tell us?
The assessed value of $21,900 is above the average for Parr Street and around average for the Inkster-Faraday area. This suggests the property is viewed favorably compared to its immediate peers, despite its smaller size.
3. Has the property value increased?
Based on sold price ranges, the property likely appreciated between its 2017 sale (estimated $16.5k-$19.5k) and its 2022 sale (estimated $24.5k-$27.5k).
4. What is the neighbourhood like for similar homes?
The data shows nearby homes on Parr Street and in Inkster-Faraday are typically of a similar vintage (1930s) and scale, though often with more living space. This home fits the area's general profile but at the more compact end.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly listed. You can request them directly from SaveOnHouse by providing your email address; they provide the figures manually without using your email for marketing.