37.6
Below average
Property score
37.6
Below average
Overall 37.6
Compared with neighbourhood average
880 sqft (bottom 38%)
Built in 1914 (16 yrs older than avg)
Located in a below-average income area
with median household income of ~44.8k
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Near average
16 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 13%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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37.6 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: #46110919
$45K
Median household income
$66K
Average household income
27%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
48%
Single-person households
17%
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
473 Parr Street — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 346 m), 1 education (nearest 237 m), 2 healthcare (nearest 438 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 17% | Bottom 14% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 473 Parr Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-and-three-quarter storey home built in 1914, offering 880 square feet of living space on a 2,943 sqft lot in the Inkster-Faraday neighbourhood. Its key characteristics include a detached garage and an unfinished basement. The home’s assessed value is notably low, placing it well below city-wide averages.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It suits first-time buyers or investors seeking a low-cost acquisition with minimal initial financial outlay. The property represents a classic "value-add" opportunity; its below-average metrics on living space, assessed value, and lot size for the city suggest significant potential for equity growth through renovation and improvement, especially given its age. A thoughtful perspective is that while it ranks below average city-wide, it is much more typical for its specific street and area, indicating it's a standard offering for this established, older neighbourhood. This could appeal to a buyer looking for a straightforward project in a community with consistent character, rather than a standout property.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's current state and is relative to similar homes. Given its age, smaller size, and the condition implied by an unfinished basement, the assessment reflects a lower market value compared to the broader, newer housing stock across Winnipeg.
2. What does the sold price history indicate?
The home sold in February 2025 for an estimated range of $11.5k to $14.5k. This recent sale at a price close to its assessed value confirms its status as a very low-cost property and suggests the market views it as a land-value or foundational investment opportunity.
3. Who would this property be most suitable for?
It is best suited for a handy first-time buyer or an investor comfortable with renovation projects. The low entry cost allows for a budget to be allocated toward modernizing and expanding the living space, with the goal of increasing both livability and future resale value.
4. How does it compare to other homes on Parr Street?
The data shows this home is fairly typical for Parr Street. Its living area is close to the street average, and while its assessed value and lot size are below the street's average, they are not extreme outliers. This suggests the home fits the general profile of the block.
5. What are the main considerations due to its age?
Built in 1914, potential buyers should budget for and investigate age-related systems. This includes the condition of the foundation, plumbing, electrical wiring, and the roof. An inspection is crucial to understand the scope of necessary updates versus cosmetic improvements.
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