Property Overview: 1649 Pritchard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1955 on a standard city lot in the Burrows-Keewatin neighbourhood. Its key appeal lies in its straightforward, no-frills layout with approximately 1,011 square feet of living space, which is actually above average for the immediate area. The home features a detached garage.
The property presents a clear value proposition for specific buyers. It would suit a first-time homebuyer seeking an affordable entry point into the market, an investor looking for a rental property with a manageable footprint, or a downsizer wanting a simple, single-level living space. Its assessed and recent sale value are consistently and significantly below the Winnipeg city average, highlighting its accessibility.
A less obvious perspective is its relative modernity within its local context. While 71 years old, it is notably newer than many homes on its own street, potentially suggesting fewer concerns with very aged infrastructure compared to neighbours. Additionally, its living space being above the neighbourhood average indicates it might offer more room than one would expect for the area, providing a practical advantage without a premium price.
Section 2: Frequently Asked Questions
1. Is the lot size typical?
Yes. The land is just under 4,000 sq. ft., which is very close to the average for Pritchard Avenue and is a standard residential lot size for Winnipeg.
2. How does this home compare in value to others?
Its assessed value is around average for its street and neighbourhood, but it sits well below the average assessed value for the entire City of Winnipeg, indicating it is in a more affordable market segment.
3. What does the "above average" living area for the neighbourhood mean?
While the home is modest in size city-wide, its living area is larger than about 79% of comparable homes in Burrows-Keewatin. You are likely getting more interior space than is common for similar properties in this specific area.
4. Was the last sale price close to the assessed value?
Yes. The home sold for $20,900 in May 2021, which was very close to its assessed value at the time, suggesting the assessment is a reliable benchmark.
5. Are most homes nearby of a similar age?
No, this home is a bit of an exception. It was built in 1955, which is nearly 20 years newer than the average home on Pritchard Avenue, and slightly newer than the neighbourhood average.