Property Overview: 498 Parr Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Parr Street is a compact, character property built in 1946. With 784 square feet of living space and a 3,007 sqft lot, it sits below city averages for size but is more typical for the Inkster-Faraday neighbourhood. Its assessed value is modest and in line with nearby homes. The house features a detached garage and an unfinished basement, presenting a straightforward, no-frills canvas.
The primary appeal lies in its affordability and potential. It’s a home for a pragmatic buyer—perhaps a first-time homeowner comfortable with a smaller footprint, an investor looking for a rental property, or someone seeking a lower-cost entry into the market with room to customize over time. A less obvious point is its relative newness compared to its immediate peers; built in 1946, it is notably younger than many neighbouring homes, which could suggest fewer concerns associated with very old construction. Its value is firmly rooted in its location and lot, rather than in finished square footage or recent upgrades.
Frequently Asked Questions
1. What is the actual selling price history?
The available public data shows a sold price range of $17.5k to $20.5k in October 2022. For precise historical sold prices, you can request the exact figures via email from the listing source.
2. How does this home compare to others on the street?
For living space, it’s below the street average (784 sqft vs. ~991 sqft). However, its assessed value and land size are around the average for Parr Street, and it is actually newer than most homes in the immediate area.
3. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor and a second floor with sloped ceilings (under the roofline), creating cozy bedrooms or attic-like spaces. It maximizes space within a classic, compact design.
4. Is the basement finished or usable for storage?
The basement is noted as "not renovated," meaning it is unfinished. It provides essential utility space and storage but would require work to become a livable area.
5. Who would this property suit best?
It’s best suited for buyers with realistic budgets who prioritize location and lot over move-in-ready condition or spacious interiors. It’s a practical choice for those willing to live modestly or invest sweat equity, rather than for someone seeking a large, modern, or fully updated home.