Property Overview
This home at 1000 Pritchard Avenue presents a compelling opportunity defined by its exceptional scale and solid foundation. Built in 1960, it’s a one-storey home with a renovated basement situated on a massive 7,674 sqft lot in Winnipeg’s Burrows Central neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property lies in its substantial size, both in living space and land. With 2,480 sqft of living area, it ranks in the top 1% for space compared to nearby homes, offering room that is rare for the area. The lot size is also in the top 1% locally, providing significant outdoor potential. While the home’s assessed value is high for its immediate street and neighbourhood, it aligns with the broader city average, suggesting you are paying for tangible space and land rather than just location prestige. The renovated basement adds modern, functional living space.
This home would best suit a buyer looking for a large family home or a property with redevelopment potential in a central Winnipeg neighbourhood. It’s ideal for those who prioritize interior square footage and a sizable yard over newer construction or high-end finishes. It also represents a solid value proposition for an investor or homeowner who sees the underlying worth in owning one of the largest properties in the area, with the lot itself being a long-term asset.
Frequently Asked Questions
1. How does the sale history affect the current value?
The home sold for $320,000 in 2017, which was well above average for the area at that time. The current assessed value is $410,000, indicating significant appreciation and sustained demand for properties of this scale in the neighbourhood.
2. What does the "Elite" ranking for Living Area actually mean?
It means this home’s interior size (2,480 sqft) is larger than 99% of comparable homes on its street and in Burrows Central. You are getting a home that is more than double the average living area of nearby properties.
3. Is the high assessed value for the neighbourhood a concern?
Not necessarily. It reflects the property’s standout characteristics—namely its huge lot and living space. While the assessment is elite for the block, it is around the city-wide average, showing you are paying for a uniquely large property, not an inflated location premium.
4. What are the implications of having no garage?
The lack of a garage is a trade-off for the enormous lot size. It provides a blank canvas to add a garage or workshop if desired, or to simply enjoy expansive outdoor space. On-street parking would be the immediate solution.
5. The home is older—what should I consider?
Built in 1960, it is newer than many area homes but will still likely require attention to aging components like the roof, windows, and major systems. The renovated basement is a positive update, but a thorough inspection is essential to understand the condition of the original structure.