Property Overview
This one-and-a-half storey home, built in 1948, sits on a standard 3,749 sqft lot on Pritchard Avenue in the Burrows-Keewatin neighbourhood. Its key feature is a renovated basement, and it includes a detached garage. With 987 sqft of living space, it presents as a compact, established character home. The appeal here is grounded in value and practicality. It suits first-time buyers or investors looking for an entry point into the Winnipeg market with immediate livability thanks to the updated basement. It also appeals to those who prefer a smaller, manageable footprint without a large yard to maintain. A less obvious perspective is that, while its living area is modest city-wide, it's actually above average for its specific neighbourhood, suggesting it offers more interior space than many nearby homes. Additionally, its assessed value ranks well above average on its own street, indicating it may be perceived as a relatively solid asset within its immediate locale.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city.
How does the lot size compare?
The lot is approximately 3,749 sqft, which is very typical for Pritchard Avenue but below the average lot size for both the wider Burrows-Keewatin area and the city of Winnipeg as a whole.
What is the significance of the assessed value?
The home's assessed value of $220,000 is notably above the average for Pritchard Avenue. This can be a positive indicator of its relative value on the street, but the final sale price is determined by the market.
Are homes on this street older or newer?
Built in 1948, this home is newer than the average house on Pritchard Avenue, where the typical comparable home was built around 1937.
What was its previous sale price?
Records show the property last sold in December 2020 for $188,000. This provides a recent benchmark for market comparison.