1042 Pritchard Avenue

Property Summary: 1042 Pritchard Avenue

Section 1: Overview & Appeal

This one-and-a-half storey home, built in 1922, presents a classic Winnipeg character property with practical advantages. Its key characteristic is a generous living area of 1,351 sq ft, which is notably larger than most similar homes in both the immediate area and the broader Burrows Central neighbourhood. The property sits on a 3,924 sq ft lot, providing ample outdoor space that is above average for the community. It features a detached garage and a basement, though the basement is noted as not being renovated.

The appeal lies in its space and established location. For its streets and neighbourhood, it ranks well above average in both living space and assessed value, suggesting a solid, well-sized home in its context. The sale history shows it sold for $260k in late 2021, a price that was above average for comparable local sales at the time. This home would suit a buyer looking for a character home with room to grow, who values larger interior spaces over a modern, turn-key finish. It’s a practical choice for someone comfortable with a home that may require updates, particularly in the basement, but who doesn’t want to compromise on square footage. A less obvious perspective is that its above-average metrics for the area could indicate a property with a strong "bones" and inherent value, positioning it as a sensible anchor in a neighbourhood of mostly smaller, similarly aged homes.

Section 2: Frequently Asked Questions

Q: How does the size of this home compare to others nearby?
A: The 1,351 sq ft living area is a standout feature. It ranks in the top 14% on its street and the top 7% in Burrows Central, meaning it offers significantly more interior space than most direct comparable properties.

Q: What should I know about the basement?
A: The listing explicitly states the basement exists but is "not renovated." Prospective buyers should budget for potential updates and are advised to investigate its condition, finish, and suitability for their needs during a viewing.

Q: Is the assessed value a good indicator of the property's worth?
A: The assessed value of $24,200 is above average for the street and neighbourhood. However, it's important to note that this is for municipal tax purposes and is historically much lower than market sale prices, as evidenced by its 2021 sale at $260k.

Q: How does the lot size impact the property?
A: At 3,924 sq ft, the lot is larger than the average for both Burrows Central and the city overall. This provides more private outdoor space than is typical for the area, a valuable asset for gardening, play, or expansion.

Q: The home was built in 1922. What does that imply?
A: Built over a century ago, it is a character home. This age suggests potential for charming original features but also means crucial systems (like plumbing, electrical, and the roof) may need evaluation or updating. Its age is typical for the street but older than the Winnipeg city average.