Property Overview
This 1948 one-and-a-half storey home at 1515 Pritchard Avenue presents a straightforward, value-oriented opportunity. Its primary appeal lies in its above-average land size for the street—a 4,060 sqft lot that ranks in the top 24% on Pritchard Avenue. The 980 sqft living space is modest but is actually above average for the immediate Burrows-Keewatin neighbourhood. With no basement, no garage, and no pool, it’s a simplified property. The very low assessed value reflects its basic condition and smaller size relative to the wider city.
This property would suit a specific buyer: someone looking for an affordable entry into homeownership, an investor seeking a low-cost rental property, or a buyer with plans to build new on a well-sized lot in the future. Its appeal is practical rather than luxurious, offering space and potential at a minimal price point.
Frequently Asked Questions
What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roofs, offering smaller or fewer rooms. Given the modest total square footage, the upper level likely provides limited supplemental space.
Why is the assessed value so much lower than the city average?
The assessed value of approximately $16,100 is based on the property's specific characteristics—its age, smaller living area, lack of basement and garage, and the local market. It ranks in the bottom 5% for assessed value within Winnipeg, indicating it's a fundamentally budget-conscious option.
How does the lot size compare meaningfully?
While the lot is below average for both the neighbourhood and city, it is notably larger than most on Pritchard Avenue itself. This suggests more usable outdoor space than you might expect from nearby houses, which could be a relative advantage.
What is indicated by the sale history?
It last sold in December 2021 for $15,500, which is very close to its current assessed value. This recent transaction provides a clear, concrete benchmark for its market price.
Are the rankings for Year Built a positive?
The home was built in 1948, which is newer than most on its street (top 29%). However, it's older than the average home across Winnipeg. This suggests it may have been updated relative to its immediate neighbours but still requires consideration for the maintenance typical of a 78-year-old house.