Property score
39.7
Below average
Overall 39.7 · Smaller than most nearby homes
483 sqft (bottom 1%) · Built in 1943 (13 yrs newer 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
53% smaller than neighborhood avg.
Year Built
Near average
13 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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39.7 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: #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
512 Parr Street — 12 amenities found within 500 m, across 6 categories, including 2 dining (nearest 432 m), 1 education (nearest 372 m), 2 healthcare (nearest 451 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 12% | Bottom 12% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 512 Parr Street is a compact, no-frills property in Winnipeg's Inkster-Faraday neighbourhood. Its key characteristic is its exceptionally modest scale, with a living area of just 483 square feet, placing it among the smallest homes in the city. It sits on a standard city lot and features a detached garage and an unfinished basement. Built in 1943, it is notably older than the Winnipeg average but is actually one of the newer homes on its own street. The municipal assessed value is very low at $13,300, reflecting its size and condition.
The appeal here is purely functional and economic. It represents one of the most accessible entry points into homeownership in Winnipeg, with correspondingly low property taxes. Its small footprint means minimal upkeep and utility costs. This property would suit a highly budget-conscious buyer, such as a first-time purchaser seeking absolute minimum overhead, or an investor looking for a straightforward rental property with a low entry cost. It’s not a home for someone needing space; it’s a pragmatic solution for securing an asset at the bottom of the market.
Frequently Asked Questions
What is the actual sold price history?
The available public data shows a sale in July 2017 for an estimated range of $10,500 to $13,500. For the precise sale price, you can request the exact history via email from the listing source.
Is the house livable in its current state?
The listing notes the basement is "not renovated." The main floor living area is very small at under 500 square feet. Buyers should budget for potential updates and be prepared for a compact living arrangement, likely viewing it as a functional starting point.
How can the assessed value be so much lower than the city average?
The assessed value of $13,300 is based on the property's specific attributes—its very small size, age, and condition. It's not directly comparable to the average Winnipeg home assessed near $390,000, which reflects typical larger, modernized houses.
What are the typical buyers for a property like this?
The most likely buyers are investors seeking a low-cost rental property or first-time buyers prioritizing minimal mortgage payments and property taxes over space. Its scale makes it less suitable for families.
Is the land size a redevelopment opportunity?
The lot is a standard city size (just over 3,000 sq ft). While the existing structure is small, the lot's value is primarily for the existing home. Major redevelopment potential in this established neighbourhood would be subject to zoning and the cost of demolishing the current house.
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