Property Overview: 1010 Pritchard Avenue
Key Characteristics & Appeal
This one-and-a-half storey home on Pritchard Avenue is a practical and thoughtfully updated character property. Built in 1931, its key strength lies in its above-average living space (1,154 sq ft) for both its immediate street and the Burrows Central neighbourhood, offering more room than many comparable homes. The home features a renovated basement and a detached garage. While the lot size is modest for the street, the interior space is efficiently maximized.
The appeal here is value-driven and grounded. The recent sale price significantly outperforms neighbourhood and street averages, indicating strong market recognition for this specific home, likely due to its renovations and usable space. It suits a buyer looking for a move-in-ready character home without the largest yard maintenance burden. It’s ideal for a first-time homeowner, a small family, or an investor seeking a renovated property with a proven value increase in a central Winnipeg neighbourhood. A less obvious perspective is that its above-average assessed value for the area suggests it’s already seen as a standout property, potentially offering stability rather than undiscovered upside.
Frequently Asked Questions
1. How does the lot size impact this property?
The land area is below average for the city and modest for Pritchard Avenue. This translates to less exterior maintenance but also limited potential for expansions like a large addition or pool. The focus here is squarely on the interior living space.
2. The sale price history shows a large increase from 2022 to 2024. What does this mean?
The 2022 sale was likely a distressed or non-arms-length transaction, as the price was dramatically below assessed value. The 2024 sale price is the relevant market benchmark, showing a substantial increase that strongly outperformed area averages, reflecting the home’s renovated condition and desirability.
3. Who might this home not suit?
Buyers prioritizing a large, private yard for gardening or recreation may find the lot size limiting. Similarly, those seeking a brand-new build or a home with a modern, open-concept layout may find the traditional one-and-a-half storey design less appealing.
4. What do the "top percentile" rankings mean for value?
Rankings show how this property compares to peers. Key takeaways: its Living Area ranks in the top 20-30% for the area (a strength), while its Year Built is around average for older neighbourhoods. The most striking ranking is its Sale Price, in the top 6% locally, confirming it commanded a premium.
5. Is the detached garage a standard feature for the area?
While not uncommon, a detached garage is a valuable asset, especially on a smaller lot where an attached garage would consume significant living space. It provides secure storage and parking without compromising the home’s footprint.