Property Overview: 895 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Burrows Central, built in 1911, offering a practical footprint on a standard city lot. Its primary appeal lies in its value proposition and space. With 1,174 sqft of living area, the home is notably larger than many comparable houses in both the immediate area and the wider neighbourhood, providing above-average interior space for its market segment. It features a detached garage and a basement, though the basement is noted as not being renovated.
The home suits first-time buyers, investors, or practical-minded purchasers looking for a straightforward entry into homeownership without a premium price tag. Its recent sale price of $24,500 and a low assessed value highlight its position as a value-driven opportunity, likely appealing to those comfortable with a home that requires updates. A thoughtful perspective is that while the home is older, its above-average living space for the area offers a tangible advantage over nearby smaller alternatives, making it a pragmatic choice for someone prioritizing room over modern finishes. Its lot size is typical for the street, aligning with the character of the neighbourhood without standing out as either overly spacious or constrained.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is in original or functional condition, but not modernized. Buyers should anticipate basic finishes and mechanical systems, budgeting for potential updates to make it a more comfortable living or storage space.
2. How does the low sale price affect property taxes?
Property taxes are based on the assessed value, not the sale price. With an assessed value significantly below the citywide average, the annual property tax burden for this home is expected to be relatively low.
3. Is the older year of build (1911) a concern?
While the home is historic, its building age is actually around average for Pritchard Avenue and Burrows Central. This suggests the neighbourhood character consists of many century-old homes. A pre-purchase inspection is essential to understand the condition of the foundation, wiring, and plumbing.
4. How does the living area compare to nearby homes?
This is a key strength. The home ranks in the top 26% on its street and top 18% in the neighbourhood for living area, meaning it offers more interior space than most direct comparable properties, which can be a significant advantage.
5. What is the context for the "below average" citywide rankings?
Most rankings (like lot size and assessed value) are below average when compared to the entire city of Winnipeg, which includes many newer suburbs with larger lots and higher-valued homes. This is expected for a central, older neighbourhood and reflects the home's position in a more affordable market segment.