Property Overview: 434 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot in Inkster-Faraday is a practical, no-frills property. Its key characteristic is its modest 731 sqft living area, which is notably compact compared to most homes in Winnipeg, but fairly typical for its immediate street and neighbourhood. The home benefits from a renovated basement and a detached garage. Built in 1942, it is of a similar vintage to many surrounding properties.
The appeal lies in its affordability and straightforward footprint, underscored by an assessed value that is very manageable relative to the city-wide average. It represents an entry point into the market with lower property taxes. This home would suit a first-time buyer comfortable with a smaller living space, an investor looking for a rental property with a renovated basement suite potential, or someone seeking a minimalist, low-maintenance lifestyle without a large yard or complex upkeep.
A less obvious perspective is that its "below average" size city-wide is actually its core advantage, offering a chance to own a detached home with outdoor space at a significantly lower cost point. Its average rankings within the immediate area suggest it is not an outlier on its block, providing neighbourhood consistency.
Section 2: Frequently Asked Questions
1. Is the living space too small?
While the living area is compact at 731 sqft, it is actually quite typical for older homes on Parr Street and in the Inkster-Faraday area. The renovated basement provides additional usable space, making the overall footprint more functional.
2. What does the assessed value indicate?
The assessed value of approximately $20,600 is significantly below the Winnipeg average, which primarily indicates lower municipal property taxes. It reflects the home's modest size and the neighbourhood's market, not necessarily its condition, due to the noted renovations.
3. How does the lot size compare?
The lot is just over 3,000 sqft, which is standard for the area. It provides a decent outdoor space for a garden or relaxation but is not overly large, keeping maintenance manageable.
4. What is the neighbourhood like for this type of home?
Inkster-Faraday is characterized by many homes of a similar era and scale. This property fits right in, being unexceptional in its metrics for the local context, which can mean stability and predictable values.
5. Where can I find exact historical sale prices?
Exact sold prices are not publicly displayed in detail here. The listing service provides an approximate range (e.g., $14.5k–$17.5k in May 2020) and offers to send the precise historical data directly via email upon request, at no cost and without marketing spam.