398 Parr Street

Property Overview: 398 Parr Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a practical and character-filled one-and-a-half storey house built in 1944, offering 917 square feet of living space on a 3,001 sqft lot in the Inkster-Faraday neighbourhood. Its key appeal lies in its solid, no-frills value within a well-established community. The home features a renovated basement, adding functional living space.

The property suits first-time homebuyers, downsizers, or investors looking for an affordable entry into the Winnipeg market. Its assessed value is consistently around the average for its immediate street and neighbourhood, suggesting a stable and predictable valuation context. A thoughtful perspective is that, while its size is below the citywide average, it is actually quite typical for its specific area, meaning it fits seamlessly into the community's housing fabric and may offer a more manageable scale for maintenance and utility costs. The 1944 build date is notably newer than many homes on the street, which could imply updates over the years or a potentially different architectural character.

Section 2: Frequently Asked Questions

1. What is the exact recent sale price?
The available public data shows a sale in June 2023 for an estimated range of $175,000 to $205,000. For the precise sale price, you can request the information directly via the provided email service.

2. How does this home compare to others in the area?
Within the Inkster-Faraday neighbourhood and on Parr Street itself, this home is consistently around average for key metrics like living area, lot size, and assessed value. It is not an outlier, but a typical property for the locale.

3. Is there a garage or parking?
The listing specifies there is no garage. Prospective buyers should inquire about on-site parking options, such as a driveway or pad.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This is a key detail to clarify with the seller or listing agent to understand the home's full living space and condition.

5. The citywide assessed value seems low. Why?
The assessed value is for the property itself and is in line with neighbourhood averages. The much higher "citywide average" figure (approximately $390k) includes all property types across Winnipeg, skewing the comparison. For this specific community and property type, the assessment is typical.