Property Summary: 1091 Pritchard Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its value proposition and practical fundamentals. With 1,070 sqft of living space, the home offers a functional layout that is notably above average for the immediate area. The lot, while smaller than many in the city at 2,817 sqft, is a manageable size.
The home’s assessed value ranks well above average for both its street and neighbourhood, suggesting it is viewed as a solid asset within its local context. A notable characteristic is the existing, unrenovated basement, which presents a clear canvas for future expansion or improvement according to a new owner's vision. There is no garage or pool.
This property would best suit a pragmatic first-time homebuyer, an investor looking for a rental property, or a hands-on individual seeking an affordable entry point with the potential to add value through updates. Its smaller, lower-maintenance lot and functional interior space cater to those prioritizing practicality and location over luxury finishes or extensive grounds.
Frequently Asked Questions
1. What does "above average assessed value for the area" actually mean?
It means that, according to municipal assessment data, this property’s value is higher than most comparable homes on its street and in Burrows Central. This can indicate a perceived advantage in the property itself, its condition, or its specific location within the neighbourhood.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. A 2,817 sqft lot requires less maintenance and yard work, which can be a benefit for busy owners or those not interested in extensive gardening. It may limit possibilities for large additions or pools but offers a more manageable outdoor space.
3. What should I consider about the unrenovated basement?
An unrenovated basement means lower initial costs and the freedom to design the space to your specific needs, whether for storage, utility, or future living space. However, it also means any finishing will require additional investment and should be factored into your overall budget.
4. The home was built in 1912. What does that imply?
Homes of this era often feature solid construction and simple, durable layouts. Prospective buyers should prioritize a thorough inspection to understand the condition of original elements like wiring, plumbing, and the foundation, which may need updating or maintenance.
5. How useful are the provided comparisons to nearby properties?
The comparisons are helpful for establishing a baseline for lot size, age, and value in the immediate vicinity. They show that this home offers more living space than some close neighbours, providing context for its above-average assessment within this specific micro-market.