Property score
56.7
Fair
Overall 56.7 · Compared with neighbourhood average
1,136 sqft (top 35%) · Built in 1929 (1 yr older than avg)
Located in a above-average income area with median household income of ~74k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 2 shops nearby
Living Area
Near average
11% larger than neighborhood avg.
Year Built
Near average
1 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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56.7 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
470 Parr Street — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 317 m), 1 education (nearest 245 m), 2 healthcare (nearest 483 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 | Top 13% | Top 16% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the Inkster-Faraday neighbourhood presents a practical and value-conscious opportunity. Built in 1929, its key characteristic is its solid, above-average living space (1,136 sq ft) compared to similar homes on its street and in the immediate area. The home features a renovated basement and an attached garage. Its assessed value is notably modest relative to the Winnipeg city-wide average, which is a defining feature.
The primary appeal lies in its positioning as a comfortable, established home in a neighbourhood of peers. It offers more interior space than many comparable properties nearby, providing good utility for its price point. The renovated basement adds modern functionality to the classic layout. It suits first-time buyers seeking a character home with move-in-ready updates, or investors looking for a stable, affordable rental property in a consistent area. A thoughtful perspective is that this property represents the "steady middle" of the Winnipeg market—it’s not a luxury offering nor a fixer-upper, but a functional home that has been maintained, reflecting a sensible, grounded choice for pragmatic buyers.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely selling prices?
The home last sold in August 2024 for an estimated $235k-$265k, while its current assessed value is $200k. This suggests the market price may trend above the assessment, a common occurrence in active areas. Buyers should use recent sale prices as a more current guide.
2. What does the "above average" living area ranking mean for this home?
Within its specific group of similar homes on Parr Street and in Inkster-Faraday, this house offers more living space than about 75% of them. This is a relative strength, meaning you likely get more interior room here than from many other homes in the immediate area at a similar price point.
3. Is the age of the home (1929) a concern?
The age is typical for the neighbourhood. While it implies potential for older building materials and systems, the home's average ranking for its year built on the street and in the area indicates it is in line with the expected condition and update timeline for this community. A thorough inspection is always recommended.
4. How does the lot size impact the property?
The land area is around 3,000 sq ft, which is standard for the area but below the city-wide average. This means smaller outdoor maintenance and a more neighbourhood-centric, rather than private, yard space. It aligns with the community's established, compact character.
5. Who might this property not suit?
It may not suit buyers seeking a very modern, open-concept layout (given its 1929 construction), those desiring a large private yard, or anyone whose priority is a home with city-leading appreciation potential. Its value is in its practicality and space within its local context.
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