1522 Pritchard Avenue

Property Overview

This 1948 one-storey home on a 4,060 sqft lot at 1522 Pritchard Avenue presents a specific and straightforward opportunity. Its key appeal lies in the land itself—the lot size is above average for Pritchard Avenue—paired with a very modest assessed value. The home is compact at 700 sqft of living space, with a detached garage and no basement. It last sold in October 2023.

This property would primarily suit a value-driven buyer looking for a land-hold opportunity, an investor considering a future rebuild or rental development (subject to zoning), or someone seeking the absolute minimum entry point into the Winnipeg market. It is not a move-in-ready family home, but a practical asset with potential rooted in its location and lot size.

Frequently Asked Questions

1. What is the main draw of this property?
The primary advantage is the lot size relative to the price. At over 4,000 sqft, the land parcel is larger than many others on the same street, offering future potential that smaller lots do not.

2. Is the house livable in its current state?
The listing does not detail condition, but the very small living area (700 sqft) and age (built 1948) suggest it likely needs significant updates or may be suited only for very basic occupancy. A thorough inspection is essential.

3. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's modest size, age, and the market values within the Burrows-Keewatin neighbourhood. It indicates a lower property tax burden but also corresponds to the home's current utility and condition.

4. Who would this property not be suitable for?
It is not suitable for buyers seeking a turn-key home, those needing multiple bedrooms, or anyone wanting modern amenities without undertaking a major renovation or rebuild.

5. What should a buyer investigate before considering an offer?
Critical next steps include: verifying zoning (R1, R2, etc.) to understand redevelopment options, conducting a full structural inspection, and checking for any outstanding liens or permits, given the recent sale in late 2023.