Property Summary: 315 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1928, is a practical entry-point into Winnipeg’s Inkster-Faraday neighbourhood. Its key appeal lies in its solid, no-frills foundation and relative value within its immediate area. With 916 sqft of living space and a renovated basement, it offers functional space for a small household. The property stands out for its lot size, which is above average for Parr Street, presenting a valuable parcel of land (3,151 sqft) that could appeal to those with future outdoor or expansion plans.
The home’s assessed value and living area are consistently around the average for its street and neighbourhood, indicating it’s a typical, fairly priced example of the local housing stock. It would suit first-time buyers, investors, or downsizers seeking an affordable, low-maintenance home without the premium of a modern build or extensive amenities. Its character is one of modest reliability rather than luxury, offering a grounded opportunity in a well-established community.
Section 2: Frequently Asked Questions
1. How does this home’s value compare city-wide?
While its value is typical for its neighbourhood, it ranks in the top 94% city-wide for having a lower assessed value. This highlights its affordability within the broader Winnipeg market, but also suggests it is a more modest property compared to the city average.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope or quality. Buyers should inquire about the finish, ceiling height, permits, and whether it includes a separate entrance or rental potential.
3. Is there potential for future expansion or adding a garage?
The lot size is notably larger than many on the same street, which could provide flexibility for additions, a garage, or landscaping projects, subject to local zoning bylaws and permits.
4. What are the typical maintenance considerations for a home of this age?
Built in 1928, prospective buyers should budget for and investigate age-related systems, including the roof, wiring, plumbing, and foundation, even with a renovated basement.
5. How stable have property values been on this street?
Based on the provided data, a comparable home on Parr Street sold in the $14.5k–$17.5k range in 2016. The current assessed value of $18.5k suggests modest appreciation, but for precise sold price history, you must request the exact records from the site.