Property Overview: 441 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1924, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 852 square feet of living space and a renovated basement, it offers compact, efficient living. A detached garage and a 3,006 sqft lot provide functional outdoor and storage space.
Its primary appeal lies in its position as a modest, entry-level property. The home sits comfortably around the average for its immediate street and neighbourhood in terms of size, assessed value, and age, indicating it's a typical home for the area without extreme outliers. This makes it a straightforward, lower-risk consideration for a first-time buyer or an investor. The renovated basement adds modern utility to the classic structure.
This property would best suit a buyer with realistic expectations, seeking an affordable foothold in the market. It’s a home to live in practically and build equity, rather than one offering luxury finishes or ample space. A thoughtful perspective is that its "average" standings within its local context can be a strength—it's less likely to be over-improved for the area, and its value is closely tied to the neighbourhood's overall movement, which can simplify the buying decision.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
The available public data shows a sale in December 2021 in a broad range. For precise historical sold prices, you must request the information directly via email from the listing source, as this data is verified and provided manually.
2. How does this home compare to others in Winnipeg?
City-wide data shows this home is below average in living area, land size, and assessed value compared to the typical Winnipeg property. This highlights its role as a more compact, affordable option within the broader market.
3. Is the lot size a limitation?
At just over 3,000 sqft, the lot is smaller than the city average but is fairly typical for the Inkster-Faraday neighbourhood. It provides adequate private outdoor space for a small home but may not suit those wanting extensive gardening or large additions.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify during a viewing to understand the quality of the renovation and its potential uses (e.g., living space, laundry, storage).
5. Are homes on this street similar in value?
Yes. The assessed value of this home is very close to the average for Parr Street, and nearby properties have recently sold within a similar assessed value range. This suggests consistent, stable property values on the block.