Property Overview: 446 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1928, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its above-average living space for the immediate area, offering 1,246 sqft which ranks in the top 14% of similar homes on Parr Street. The property includes a detached garage and a standard city lot.
The home’s assessed value of $180k positions it as an accessible entry point into the market, especially when compared to the much higher city-wide average. This creates a notable value proposition: you're acquiring more interior space than is typical for the street and neighbourhood, at a price point that is modest for the city. The unrenovated basement indicates potential for future customization or storage, but requires a buyer comfortable with a project or existing conditions.
This property would suit a first-time buyer, an investor, or a practical homeowner who prioritizes interior square footage and lot location over modern finishes. It’s for someone who sees value in the neighbourhood's affordability and is willing to take on a home with character and potential, rather than a turn-key property. A thoughtful perspective is that while the home is older and the lot is smaller than the city average, its strong ranking for living space within its own community suggests it was a substantial home for its time and may offer a better sense of space than newer builds in a similar price range.
Section 2: Frequently Asked Questions
1. What does "above average" for living area actually mean?
Compared directly to other similar homes on Parr Street, this house has more living space than about 86% of them. In its immediate context, it is a spaciously sized home.
2. Why is the assessed value so much lower than the city-wide average?
The $180k assessment reflects local market values in the Inkster-Faraday area. City-wide averages are skewed higher by values in more expensive neighbourhoods. Here, the assessment aligns with recent nearby sale prices and is typical for this specific community.
3. What should I know about the "unrenovated" basement?
This typically means the basement is in original or functional condition, but not modernized. It likely has foundational finishes (e.g., concrete floor, exposed ceiling joists) and is suited for laundry and storage. Any development would be a future project for the buyer.
4. How does the age of the home (1928) affect things?
A home of this age offers classic character but requires diligent maintenance. Buyers should budget for potential updates to older systems like wiring or plumbing and consider an inspection to understand the condition of the structure and foundation.
5. Are the sold price ranges shown accurate?
The ranges are based on public data. For the exact historical sold price, you must request it via email from the source. This is a common practice to ensure data privacy and accuracy before it is formally disclosed in public records.