Property score
44.2
Below average
Overall 44.2 · Smaller than most nearby homes
660 sqft (bottom 8%) · Built in 1928 (2 yrs older than avg)
Located in a above-average income area with median household income of ~81k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Near average
2 yrs older 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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44.2 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
511 Parr Street — 11 amenities found within 500 m, across 6 categories, including 2 dining (nearest 421 m), 1 education (nearest 328 m), 2 healthcare (nearest 409 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 10% | Top 14% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 511 Parr Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Parr Street is a compact, character property built in 1928. Its primary appeal lies in its balance of a modest, renovated living space with a surprisingly generous lot. The living area is 660 sq ft, which is below average for the city, but the property sits on a 4,010 sq ft lot that is notably larger than most on its street. It features a renovated basement and a detached garage.
The home would suit first-time buyers or investors seeking an entry point into the market with a focus on land value over square footage. It’s a practical choice for those comfortable with a smaller interior footprint but who value outdoor space for gardening, storage, or future expansion. The recent sale in 2024 suggests it’s move-in ready, and its assessed value is consistent with the local area, indicating a stable, no-surprises investment in the Inkster-Faraday neighbourhood.
A less obvious perspective is that this property represents a specific value proposition: you are purchasing a larger-than-average parcel of land for the area with a functional home included. Its appeal isn't in grandeur, but in potential and practicality.
Frequently Asked Questions
1. How does the home's size compare to nearby properties?
At 660 sq ft, the living area is smaller than the average home on Parr Street (approx. 991 sq ft) and within the Inkster-Faraday neighbourhood. It is a compact, efficient layout.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is around $20,300, which is typical for this specific street and neighbourhood. However, the recent sold price in 2024 was between $235,000 and $265,000, which is the more relevant indicator of current market value.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent to understand if it's finished living space, updated utilities, or both.
4. What are the advantages of such a large lot?
The 4,010 sq ft lot is significantly larger than many neighbouring properties. This provides more private outdoor space, potential for additions (subject to zoning), room for a larger garden, or simply less crowded feeling compared to tighter lots.
5. How can I find out the exact historical sold price?
The exact sold price is not publicly displayed. As noted on the listing, you can request the accurate sold price history by emailing the source directly, as they compile this data manually.
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