Property score
46.6
Below average
Overall 46.6 · Smaller but newer than most nearby homes
784 sqft (bottom 25%) · Built in 1946 (16 yrs newer than avg)
Located in a above-average income area with median household income of ~81k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Above average
16 yrs newer than neighborhood avg.
Mother tongue
English · 58%Tagalog · 25%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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46.6 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: #46110924
$81K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
26%
Single-person households
28%
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
498 Parr Street — 9 amenities found within 500 m, across 6 categories, including 1 dining (nearest 374 m), 1 education (nearest 309 m), 2 healthcare (nearest 462 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 40% | Bottom 47% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 498 Parr Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Parr Street is a compact, character property built in 1946. With 784 square feet of living space and a 3,007 sqft lot, it sits below city averages for size but is more typical for the Inkster-Faraday neighbourhood. Its assessed value is modest and in line with nearby homes. The house features a detached garage and an unfinished basement, presenting a straightforward, no-frills canvas.
The primary appeal lies in its affordability and potential. It’s a home for a pragmatic buyer—perhaps a first-time homeowner comfortable with a smaller footprint, an investor looking for a rental property, or someone seeking a lower-cost entry into the market with room to customize over time. A less obvious point is its relative newness compared to its immediate peers; built in 1946, it is notably younger than many neighbouring homes, which could suggest fewer concerns associated with very old construction. Its value is firmly rooted in its location and lot, rather than in finished square footage or recent upgrades.
Frequently Asked Questions
1. What is the actual selling price history?
The available public data shows a sold price range of $17.5k to $20.5k in October 2022. For precise historical sold prices, you can request the exact figures via email from the listing source.
2. How does this home compare to others on the street?
For living space, it’s below the street average (784 sqft vs. ~991 sqft). However, its assessed value and land size are around the average for Parr Street, and it is actually newer than most homes in the immediate area.
3. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor and a second floor with sloped ceilings (under the roofline), creating cozy bedrooms or attic-like spaces. It maximizes space within a classic, compact design.
4. Is the basement finished or usable for storage?
The basement is noted as "not renovated," meaning it is unfinished. It provides essential utility space and storage but would require work to become a livable area.
5. Who would this property suit best?
It’s best suited for buyers with realistic budgets who prioritize location and lot over move-in-ready condition or spacious interiors. It’s a practical choice for those willing to live modestly or invest sweat equity, rather than for someone seeking a large, modern, or fully updated home.
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