Property Overview
This one-and-a-half storey home on Pritchard Avenue, built in 1948, presents a straightforward opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key appeal lies in its positioning as a modest, no-frills property. With 1,060 sqft of living space on a 3,750 sqft lot, it offers essential space without excess. The home lacks a basement, garage, or pool, which simplifies both the structure and potential maintenance concerns.
Its primary attraction is likely its land value and affordability, as evidenced by its well-below-average assessed value both for the neighbourhood and city-wide. The lot size is notably larger than many in the immediate area, offering a relative advantage for outdoor space or future expansion. The home would suit a pragmatic, value-focused buyer—perhaps a first-time investor looking for a rental property with uncomplicated upkeep, or an owner-occupant willing to live with the home's basic layout while potentially utilizing the larger-than-average lot. It’s not a move-in-ready showpiece, but a property where the value is grounded in its land and simplicity rather than finishes or amenities.
Frequently Asked Questions
What does "one-and-a-half storey" typically mean for a home of this era?
It usually indicates a home where the second floor has sloped ceilings (following the roof line) and potentially smaller rooms, offering a more compact upper level compared to a full two-storey design.
The home has no basement. What are the practical implications?
This means all mechanical systems (furnace, water heater), utilities, and storage must be accommodated on the main living floors. It can limit storage space but also eliminates concerns about basement moisture, flooding, or renovation costs for a below-ground area.
The assessed value is significantly lower than the city average. Is this a concern?
Not necessarily. It primarily reflects the home's modest size, age, and lack of premium features compared to the broader Winnipeg market. It often correlates with lower property taxes, which can be an advantage for holding costs.
The lot is larger than many in the area. What are the advantages?
A larger lot provides more outdoor space and greater potential for additions, landscaping, or detached structures (like a garage or shed), subject to local zoning bylaws. It can be a key value-driver in older neighbourhoods.
How should I interpret the sale history, with a last sale in 2016?
The nearly eight-year gap since the last sale suggests a period of stable ownership. It’s important to investigate what, if any, updates or maintenance were done during that time, as the property may have changed hands infrequently.