881 Pritchard Avenue

Property Overview: 881 Pritchard Avenue, Winnipeg

Key Characteristics & Appeal

This is a classic one-and-a-half storey home built in 1912, situated on a standard 3,547 sqft lot in the Burrows Central neighbourhood. Its key characteristics include a detached garage and an unfinished basement. The home’s primary appeal lies in its position as an affordable entry point into the Winnipeg market, with a notably low assessed value. The lot size is typical for the immediate area, offering a manageable outdoor space.

The property suits practical, value-focused buyers. It would be a match for a first-time homeowner comfortable with a project, an investor looking for a rental property with a low tax base, or someone seeking a modest footprint. A less obvious perspective is its potential for someone interested in the character and history of early 20th-century Winnipeg homes, as it sits among peers of a similar vintage. However, its living space (765 sqft) is compact, even compared to neighbouring homes, indicating it is best for those with simple space needs or with plans to expand.

Frequently Asked Questions

1. What does the assessed value tell me about the property?
The assessed value is significantly below averages for the street, neighbourhood, and city. This typically suggests a modestly sized, unrenovated home and results in lower property taxes, but it also indicates the sale price may be driven more by market demand than the city's valuation.

2. How does the living area compare to nearby homes?
At 765 sqft, the living area is smaller than most comparable homes on the same street and in the wider area. This confirms the home has a compact layout, which is a key factor to consider for your space requirements.

3. Is the lot a good size?
The lot is around the average size for both Pritchard Avenue and the Burrows Central neighbourhood, but below the city-wide average. It provides a standard urban yard—sufficient for gardening or outdoor relaxation but not unusually large.

4. What should I know about the home’s age?
Built in 1912, the home is older than most in the city. While this can mean character, it also implies that major systems (like plumbing, electrical, or the foundation) may need inspection and potential updating, unless already addressed.

5. What is the context of the last sale price?
The home sold for $100,000 in late 2019, which was below average for the area even then. This history reinforces its role as a more affordable option, and any current price should be evaluated against recent sales of similar, nearby properties.