Property Overview: 1554 Pritchard Avenue
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1948, situated on a notably spacious 4,060 sqft lot in the Burrows-Keewatin neighbourhood. With 980 sqft of living space, the house itself offers a modest footprint, but its primary appeal lies in the land. The lot size is well above average for Pritchard Avenue, ranking in the top 24% on the street, which presents a clear value in terms of outdoor space and potential.
The home suits practical, value-oriented buyers. It’s an opportunity for a first-time homeowner seeking an entry point with room to grow, or for an investor looking for a land-strong asset. The very low assessed value and last sale price point to a property that may require modernization, making it ideal for buyers with renovation plans or those comfortable with a project. A less obvious perspective is its relative standing: while the lot is large for the street, the home’s living area is actually above average for the immediate neighbourhood, suggesting it may offer more interior space than many nearby comparables. This isn’t a luxury property, but a grounded opportunity where the value is fundamentally tied to the land and future potential.
Frequently Asked Questions
1. Is this a move-in ready home?
Given the age (1948), modest size, and low assessed value, it is likely a fixer-upper. Buyers should budget for updates and anticipate a project.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s age, condition, and location within a more affordable area of Winnipeg. It is aligned with average values on Pritchard Avenue itself.
3. What can I do with such a large lot?
The above-average lot offers flexibility for gardening, adding a garage or shed, or creating outdoor living space. Future expansion of the home may also be a possibility, subject to local zoning.
4. How does this property compare to others on the same street?
It has a newer build year and a significantly larger lot than the average home on Pritchard Avenue. The living space and assessed value, however, are around the street average.
5. What is the neighbourhood like?
Burrows-Keewatin is a mature, established neighbourhood. The property’s living area ranks above average here, meaning the house itself is relatively spacious for the area, though lot sizes in the wider neighbourhood are typically larger.