Property Overview: 1442 Pritchard Avenue
Key Characteristics & Appeal
This home is defined by a significant contrast: it sits on an exceptionally large, 6,605 sqft lot that ranks in the top 1% for size on its street, yet the house itself is a modest, renovated one-storey bungalow with 884 sqft of living space. Built in 1958, it is notably newer than many immediate neighbours. The property includes a detached garage and a renovated basement, adding functional space.
Its primary appeal lies in land value and potential. The lot size is a standout asset in the Burrows-Keewatin area, offering rare space for expansion, gardening, or outdoor use in an urban setting. The recent basement renovation provides modern, move-in-ready living space despite the home's smaller footprint. The assessed value is strong for the local area, suggesting the property is well-regarded in its immediate context.
This home would best suit a practical buyer or investor who values land over square footage. It's ideal for someone looking for a solid, updated foundation with the flexibility to potentially extend the home in the future, or for those who simply desire a large private yard without the upkeep of a larger house. It represents an opportunity to own a property where the land itself is a leading feature.
Frequently Asked Questions
1. Is the lot size typical for the area?
No, it's exceptional. The lot is in the top 1% for size on Pritchard Avenue and the top 3% within the Burrows-Keewatin neighbourhood, making it a rare find.
2. How does the home's size compare to others?
The living area is modest, below the city-wide average. This highlights the property's configuration: a smaller, renovated home on a much larger-than-average parcel of land.
3. What does the above-average assessed value for the street indicate?
It suggests that for its specific location on Pritchard Avenue, the property is officially valued higher than 93% of comparable homes. This often reflects the desirable lot size and recent improvements like the basement renovation.
4. The sale price from 2020 seems low. Why is that?
The 2020 sale price of $21,800 is a historical figure and reflects the market conditions and property state at that time. The current assessed value is higher, and any future sale price would be determined by the present market.
5. What is less obvious about this property's value?
The 1958 build date is a subtle advantage; the home is newer than most on its street and in the neighbourhood, which can mean fewer issues with very aged infrastructure. Furthermore, the strong local assessment versus a lower city-wide ranking illustrates how property value is highly location-specific—this home is a standout in its immediate community.