510 Parr Street

Property Overview: 510 Parr Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1943, offering a straightforward and affordable entry point into Winnipeg’s housing market. With 745 square feet of living space and an unrenovated basement, it presents a classic "blank canvas" opportunity. The lot is a manageable 3,007 sqft, typical for the area, and includes a detached garage.

Its primary appeal lies in its value and potential. The home’s assessed value is significantly below city averages, suggesting a lower property tax burden and an accessible purchase price. While smaller than most homes citywide, its size is more in line with neighbouring houses on Parr Street. A thoughtful perspective is that its 1943 build date actually makes it a newer home on its street and in the Inkster-Faraday neighbourhood, potentially meaning fewer immediate concerns with very aged infrastructure compared to its immediate peers.

This property would suit first-time buyers, investors, or downsizers seeking minimal overhead and a project they can customize over time. It’s for a practical buyer who values location fundamentals and land ownership over move-in-ready finishes, and who sees the unrenovated basement as future space to be developed rather than a drawback.

Frequently Asked Questions

1. Is this a small house?
Yes, at 745 sqft, it is below the average size for Winnipeg. However, it is more comparable in size to other homes on its own street, making it a typical offering for this specific part of the Inkster-Faraday neighbourhood.

2. Why is the assessed value so much lower than the city average?
Assessed value is based on factors like location, size, condition, and market trends. This home’s modest size, simpler finishes, and unrenovated state contribute to an assessment focused on its core utility rather than premium features, which is reflected in its lower property tax calculation.

3. What does "Top 94%" for Living Area citywide mean?
This statistic means that approximately 94% of comparable homes across Winnipeg are larger than this one. It’s a clear indicator that this is a compact home by broad city standards, though it's important to compare it to its immediate area for a more relevant sense of scale.

4. The home was built in 1943. Should I be concerned about its age?
While any older home requires a thorough inspection, a less obvious point is that a 1943 build date is actually above average for its street and neighbourhood. This could imply that major systems may have been updated more recently than in many surrounding homes built in the 1920s and 30s.

5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. As noted on the detail page, you can request the precise sale history by emailing the provided contact; they manually provide this data without using your email for unsolicited marketing.