Property score
40.5
Below average
Overall 40.5 · Smaller than most nearby homes
604 sqft (bottom 5%) · Built in 1922 (8 yrs older than avg)
Located in a above-average income area with median household income of ~74k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 shops, and 1 park nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Near average
8 yrs older than neighborhood avg.
Mother tongue
English · 56%Tagalog · 28%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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40.5 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110921
$74K
Median household income
$84K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
28%
Single-person households
34%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
450 Parr Street — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 265 m), 1 education (nearest 184 m), 2 shopping (nearest 306 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 19% | Bottom 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 6% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 450 Parr Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1922, situated on a standard city lot in the Inkster-Faraday neighbourhood. Its primary characteristic is its modest scale: at 604 sqft, the living area is notably smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its assessed value, which is significantly below citywide averages. The home does feature a renovated basement, adding functional space. There is no garage or pool.
The appeal lies in its straightforward affordability and potential as a lean investment or entry point into the housing market. It suits a very specific buyer: someone seeking the lowest possible price point for a standalone house, willing to trade space for cost. This could be an investor looking for a rental property with minimal upfront capital, a first-time buyer prioritizing ownership over size, or someone needing a basic, no-frills dwelling. A thoughtful perspective is that its consistent below-average metrics are not necessarily negatives but define its niche—it offers a rare opportunity to own a house with property taxes likely based on its very low assessment, providing predictable, low carrying costs.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's specific attributes—its small size, age, and location—compared to similar properties. It is in line with values for comparable smaller homes in its immediate area.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would require inquiry to understand the finish quality, ceiling height, and whether it includes a legal suite or additional living space.
3. Is this a good investment property?
Given its low purchase price and assessed value, it could offer a relatively low barrier to entry for a rental investment. However, its small size and specific location would determine the rental audience and potential return. Due diligence on area rental rates and property condition is essential.
4. How does the sold price history work?
The listed sold prices are estimated ranges from public data. To obtain the exact sale price from transactions in 2022 and 2024, you must request it via email from the site, as they manually provide this specific data.
5. What are the main compromises compared to an average Winnipeg home?
The primary compromises are space and amenities. You are purchasing significantly less living area than the typical Winnipeg home, no garage, and likely fewer modern updates given its age and value position. The trade-off is a proportionally lower cost.
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