Property Overview: 1542 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1948 on a notably spacious lot in the Burrows-Keewatin neighbourhood. Its primary appeal lies in the land itself—at over 4,000 sqft, the lot size is well above average for Pritchard Avenue, offering significant outdoor space and potential. The house is compact, with 700 sqft of living space, and features a detached garage.
The property suits practical, value-oriented buyers. It’s a straightforward opportunity for a first-time homeowner comfortable with a smaller footprint or an investor looking for a land-hold with a rental unit in place. Its assessed value is modest, and it last sold in 2021 for $160k, positioning it as an accessible entry point into the market. A thoughtful perspective here is that while the home is smaller and older than many in the city, its lot size is a standout asset on its street, suggesting future potential may be more tied to the land than the existing structure.
Frequently Asked Questions
1. Is this a small house?
Yes. With 700 sqft of living area, it is significantly smaller than the average Winnipeg home. The layout is efficient, suiting a single person, a couple, or an investor.
2. How does the lot size compare?
This is the property's standout feature. At 4,060 sqft, the lot is larger than most on Pritchard Avenue and in the immediate neighbourhood, offering more yard space than typical for the area.
3. What type of neighbourhood is Burrows-Keewatin?
It’s a long-established, residential neighbourhood in Winnipeg’s North End. Buyers should explore the area firsthand to gauge its fit for their lifestyle.
4. When was it last sold, and for how much?
The home was sold in March 2021 for $160,000. The current assessed value is $170,000.
5. What are the rankings and percentages listed?
These metrics compare this property against others on the same street, in the same neighbourhood, and city-wide for factors like lot size and year built. For example, its lot size ranks in the top 24% on its street, meaning it's larger than 76% of comparable lots on Pritchard Avenue.