Property Overview
458 Parr Street is a compact, one-storey home in Winnipeg's Inkster-Faraday neighbourhood. Built in 1933, its key characteristic is its modest 601 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. The home sits on a roughly 3,000 sqft lot and features a renovated basement. It has no garage or pool.
Its primary appeal lies in its affordability and efficiency, as reflected in its assessed value, which is very typical for its immediate vicinity. This is a straightforward, low-maintenance property. It would suit a first-time buyer seeking an entry point into the market, an investor looking for a rental property, or someone who values minimalism and utility over space. A thoughtful perspective is that its smaller size and average-for-the-street valuation could represent a stable, lower-risk investment in a city where property values vary widely, offering insulation from the volatility of more expensive areas.
Frequently Asked Questions
1. Is this house unusually small?
Yes. At 601 sqft, the living area is significantly below the average for similar homes on Parr Street (~991 sqft), in the Inkster-Faraday area (~1,025 sqft), and citywide (~1,342 sqft).
2. Why is the assessed value so much lower than the citywide average?
The assessed value of $19,100 is typical for Parr Street and the immediate neighbourhood, where homes are valued similarly. The dramatic difference from the citywide average (which is around $390k) highlights the variation in Winnipeg's housing market and the affordability of this specific area.
3. What does having a "renovated basement" mean for this property?
While specifics aren't listed, a renovated basement in a home of this size effectively adds crucial functional space, potentially for a utility room, storage, or a secondary living area, which is a key asset given the compact main floor.
4. How does the lack of a garage affect this property?
The property has no garage, which is common for older, compact homes in the area. Buyers should plan for street parking and consider the implications for vehicle storage during Winnipeg winters.
5. The data shows it sold in 2019 for between $16.5k and $19.5k. How can I find the exact price?
The exact sold price is not publicly displayed. You can request it directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.