Property Overview: 1096 Pritchard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1929, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its position as an affordable entry point into the housing market. With a modest 938 sqft of living space and a 3,000 sqft lot, the property is functionally sized for a small household or a first-time buyer. The home features a basement, though it is noted as not being renovated, and does not include a garage or pool.
The data suggests a property that is very typical for its immediate street and area in terms of size, age, and assessed value. However, its recent sale price of $22,500 is notably below the Winnipeg city-wide average, which is its defining characteristic. This makes it suited for value-focused buyers such as investors looking for a rental property, hands-on owners willing to make gradual improvements, or those seeking the lowest possible barrier to homeownership. A less obvious perspective is that its "average for the area" metrics provide a stable, predictable foundation without the premium or the extreme challenges sometimes found in deeply discounted properties.
Section 2: Frequently Asked Questions
1. Why is the sale price so much lower than the average Winnipeg home?
The price reflects the home's smaller size, older age, and location within a neighbourhood where property values are generally more affordable compared to the city-wide average. It indicates a home likely needing updates and sold based on its fundamental value as shelter and land.
2. What does "basement, not renovated" typically imply?
This usually means the basement is in original or functional condition, but not modernized. It may be suited for laundry and storage, but not designed as finished living space. Buyers should budget for potential updates to insulation, flooring, or moisture control.
3. Who is this property not well-suited for?
It is not ideal for buyers seeking a move-in-ready home with modern finishes, those requiring ample indoor living space, or anyone needing garage parking. Its scale and condition are geared toward practical needs over immediate comfort or style.
4. How does the lot size compare, and what does that mean?
At 3,000 sqft, the lot is smaller than the Winnipeg average but fairly standard for the central neighbourhood. It provides adequate outdoor space for a small garden or patio but is not suited for extensive additions or sprawling recreational use.
5. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value ( $14,700 ) is for municipal tax purposes. The recent sale price of $22,500 is a better reflection of its current market value, which was still significantly below the city-wide benchmark, highlighting its affordability.