Property Overview: 1567 Pritchard Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key features include a renovated basement and a detached garage. The property stands out for its lot size—at just over 4,000 square feet, it offers more outdoor space than most homes on Pritchard Avenue. While the living area is a functional 1,013 sqft, it is notably above average for the immediate neighbourhood, suggesting a relatively spacious interior for the area.
The appeal here is grounded in value and potential. The home’s assessed value ranks well above the street average, indicating a solid foundation of municipal valuation relative to its peers. It would suit first-time buyers seeking a home with a renovated basement move-in ready, or an investor looking for a character property with a sizable lot in a mature community. A less obvious angle is its relative "newness"; for its street, it's a younger-than-average home, which may imply updates over the years or a potentially different construction era than immediate neighbours.
Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means the city's assessed value for this home is higher than most comparable homes on its street. This can sometimes reflect updates or conditions that the municipality recognizes, but it's not a direct marker of market sale price.
2. Is the living space sufficient for a small family?
At just over 1,000 sqft across one-and-a-half storeys, the layout will be key. It offers more space than many homes in Burrows-Keewatin, but efficient use of the main floor and renovated basement will be important for family living.
3. How does the lot size compare?
The lot is a significant feature. It's larger than most on Pritchard Avenue, offering more private outdoor space than you might typically find, which is a notable advantage for gardening, play, or expansion.
4. What is the significance of the renovated basement?
A renovated basement adds immediate liveable space without the need for a major project. It's important to clarify the scope and quality of the renovation, as it can significantly increase the home's functional square footage and utility.
5. The home sold in late 2021. What can that price tell me?
The $220k sale price from 2021 provides a historical benchmark, but it primarily reflects the market conditions of that time. Current value will be influenced by changes to the property, the neighbourhood, and broader market trends since that date.