Property Summary: 625 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, post-war one-storey home built in 1946, situated on a notably generous lot in the Inkster-Faraday neighbourhood. Its primary appeal lies in its balance of a renovated basement, a detached garage, and a land size that is well above average for both its immediate street and the local area. With 720 sqft of living space, the house itself is modest and below average in size, positioning it as an efficient, low-maintenance footprint.
The property suits first-time buyers, downsizers, or investors seeking an entry point into the market with a solid land asset. Its assessed value is consistent with nearby homes, suggesting it's priced in line with the local market. A thoughtful perspective is that while the house is smaller, the large lot (4,726 sqft) offers valuable future potential for expansion, gardening, or outdoor living that is rare for homes of this vintage in the city. The renovated basement adds functional living space, offsetting the smaller main floor. It’s a property where the land may hold as much value as the structure itself.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 720 sqft, the living area is below the average for similar homes on Parr Street, in the Inkster-Faraday area, and across Winnipeg. This indicates a more compact, efficient layout.
2. What is significant about the lot size?
The land area of 4,726 sqft is a key feature. It ranks in the top 15% for the local area, meaning the lot is substantially larger than most comparable properties nearby, offering more outdoor space.
3. Is the assessed value typical for the area?
Yes. The assessed value of $21,600 is around the average for both Parr Street and the wider Inkster-Faraday neighbourhood, though it is below the Winnipeg city-wide average.
4. How old is the property, and is that a concern?
The home was built in 1946. While 80 years old, it is actually newer than many homes on its street and in the immediate area, where average build years are 1931 and 1930, respectively.
5. Where can I find the exact historical sale price?
The listed sale history shows a range. To obtain the precise sold price from March 2018, you can request it via email from the site. They provide this data manually and do not use email addresses for unsolicited marketing.