Property Overview
This 1958 one-storey home at 1446 Pritchard Avenue presents a straightforward opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its primary appeal lies in its proportion: a renovated basement and an above-average land size of 4,100 sqft on a street where lot sizes are typically smaller. While the 936 sqft living area is modest, the property has been maintained to a standard that outperforms many local peers, as reflected in its above-average assessed value for the immediate area.
This home would suit a pragmatic, value-oriented buyer. It's ideal for a first-time homeowner comfortable with a compact main-floor layout who values the potential of a larger lot and a finished basement for extra space. Investors or renovators might also see the underlying value in the lot size and the solid foundation of a home that is newer than most on its street and in the wider neighbourhood.
Key Details & FAQs
- Key Characteristics: 936 sqft one-storey home built in 1958, featuring a renovated basement. The 4,100 sqft lot is notably larger than many on Pritchard Avenue.
- Recent Sale: Sold in October 2024 for $28,300.
- Assessed Value: $24,800 (above average for its street and neighbourhood).
Frequently Asked Questions
1. Is the price reflective of a fixer-upper?
Not necessarily. The sale price and above-average assessment for the area suggest the home is in move-in condition, with the basement renovation already completed. The value is tied more to its lot size and functional condition than to a discount for major deferred work.
2. What does "above-average assessed value" mean in this context?
It means that relative to similar homes on its street and in Burrows-Keewatin, this property is officially valued higher. This often indicates better maintenance, updates, or desirable lot characteristics compared to its immediate peers, though its value is below the Winnipeg city-wide average.
3. The living space seems small. Where does the potential lie?
The potential is in the lot and the basement. The land parcel is in the top 21% for size on Pritchard Avenue, offering valuable outdoor space or future expansion possibilities. The renovated basement also effectively adds usable square footage not fully captured in the main living area figure.
4. Who might this property not suit?
It may not suit buyers seeking a turn-key home in a newer suburb or those who need substantial main-floor living space without utilizing a basement. The modest main-floor square footage is best for smaller households.
5. How does the year built (1958) compare?
For its location, 1958 is considered newer. It ranks in the top 17% on its street and top 9% in the neighbourhood, meaning it's a relatively modern structure compared to many surrounding homes, which may imply fewer age-related issues than older neighbours.