Property Overview: 595 Parr Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Inkster-Faraday stands out for its generous proportions and established lot. Its primary appeal lies in offering significantly more space—both indoors and out—than most comparable properties in the immediate area. With 1,660 sqft of living space, it ranks in the top 5% on its street and top 3% in the neighborhood, offering room that exceeds local norms. This is complemented by a large 6,180 sqft lot, placing it in the top 4% on Parr Street, providing ample outdoor space rarely found in this setting.

The home features a renovated basement and a detached garage. Built in 1946, it is notably newer than many surrounding homes, which may suggest updates to core systems or structure over time. The assessed value is elite for the local area, yet sits around the city-wide average, indicating a property that offers standout local value without a premium city-wide price tag. It last sold in mid-2022.

This property would suit a buyer looking for a spacious family home or a long-term investment in a mature neighborhood, prioritizing interior and yard space over a brand-new build. It’s ideal for those who see value in a home that outperforms its immediate peers in key metrics like size and lot dimensions.

Frequently Asked Questions

1. What does the "Elite" or "Top X%" ranking actually mean?
It means that for a specific metric—like living area or lot size—this property scores higher than that percentage of similar homes on its street, in the Inkster-Faraday neighborhood, or across Winnipeg. For example, being in the "Top 3%" for assessed value in the neighborhood means only 3% of comparable local homes have a higher assessed value.

2. If the assessed value is elite locally but average city-wide, what does that suggest?
This often indicates a property that is a standout in its own neighborhood in terms of perceived value or features, but is priced within a very common range across the broader Winnipeg market. It can mean you're getting a leading property for the area without paying a city-wide premium.

3. The home was built in 1946. Should I be concerned about major repairs?
While the home is 80 years old, the data shows it is newer than most on its street and in the neighborhood. This relative age can be an advantage, but a thorough inspection is always critical for any home of this era to assess the condition of the roof, wiring, plumbing, and foundation.

4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you need to request it via email from the source. This is a common practice to ensure data accuracy and compliance with local real estate regulations.

5. The lot is large for the area. What are the potential benefits or drawbacks?
Benefits include more privacy, space for gardens, play areas, or expansions like a shed or deck. A potential drawback is that maintenance (like lawn care or snow clearing) will require more time or cost compared to neighbors with smaller lots. It also represents a significant portion of the property's value and appeal.