Property Overview: 850 Pritchard Avenue
Key Characteristics & Appeal
This one-and-a-half storey home on Pritchard Avenue, built in 1911, presents a practical opportunity centered on its land and living space. The 3,014 sqft lot is modest for the street but offers standard outdoor space for the Burrows Central neighbourhood. A key feature is the living area: at 1,219 sqft, it is notably larger than many comparable homes on the same street and in the immediate area, providing above-average interior space for its peer group. The property includes a detached garage and an unrenovated basement, indicating it is a functional canvas rather than a finished product.
The primary appeal lies in its value proposition as a land-holding property with a solid, spacious structure in a mature neighbourhood. It suits a specific type of buyer: the hands-on investor or homeowner who sees potential in the existing structure and is comfortable with a property that requires updates. It’s a pragmatic choice for someone prioritizing interior square footage over a large yard in this locale, and its assessed value is squarely in line with neighbouring homes, suggesting a stable, entry-level point in the market. A less obvious perspective is that its consistent, average assessment on the street and in the neighbourhood indicates a predictable, low-volatility investment in an established community, rather than a speculative play.
Frequently Asked Questions
1. What is the true condition of the house?
The listing notes the basement is "not renovated," which typically suggests it is in original or functional condition, not modernized. The overall condition of the main living areas should be verified through a viewing and inspection.
2. Is the lot size a disadvantage?
While the land area is below the city average, it is a typical size for Pritchard Avenue and the Burrows Central area. It provides standard yard space for the neighbourhood but may not suit those seeking extensive outdoor grounds.
3. What does the "above average" living area ranking mean practically?
Compared to similar homes on the same street and in the neighbourhood, this house offers more interior square footage. This means potentially more room for living, storage, or layout flexibility than other homes in its price and assessment bracket locally.
4. Are there major concerns with a house built in 1911?
As with any home over a century old, systems like wiring, plumbing, and the foundation should be carefully evaluated. Its age is typical for the street, but a thorough inspection is essential to understand any needed updates or repairs.
5. How does the assessed value relate to the likely selling price?
The assessed value of $18,500 is for municipal tax purposes. The sale price is determined by the market. Recent sales on the same street, like 842 and 900 Pritchard Avenue which sold near their assessed values, can provide a realistic benchmark for current market conditions in this specific area.