Property Overview
This 1955-built, one-storey home on Pritchard Avenue is a straightforward property whose primary appeal lies in its land and location rather than the size of the dwelling itself. The house has a modest 912 sqft of living space, which is typical for the immediate neighbourhood but below the Winnipeg average. Its key characteristic is the 4,998 sqft lot, which ranks in the top 11% for size on its street, offering above-average outdoor space for the area. The home features a detached garage and no basement.
The appeal here is largely for value-focused buyers or investors seeking a land-holding opportunity in Burrows-Keewatin. It suits a first-time buyer comfortable with a smaller footprint, someone looking for a manageable property with room to garden or expand outdoors, or an investor considering the long-term redevelopment potential of a larger lot. A thoughtful perspective is that while the home itself is modest, its lot size is a relative rarity on the street, which could provide future flexibility not available with neighboring properties. The recent sale price of $22,500 aligns with its assessed value, indicating a market viewed as stable and affordable.
Frequently Asked Questions
1. Is this a tear-down property?
While the home is livable, its very low sale price relative to city-wide averages and the value placed on the land suggest the market is primarily valuing the lot. It could be a candidate for eventual replacement, but is also a functional, affordable home as-is.
2. How does the lot size compare practically?
At nearly 5,000 sqft, the lot is significantly larger than the average for both the street (~3,730 sqft) and the neighbourhood (~4,715 sqft). This translates to more private yard space than most nearby properties.
3. What are the implications of having no basement?
This means all living and storage space is on the main floor. It simplifies maintenance and avoids basement moisture issues, but it also limits storage and potential for adding below-ground living space. Heating and mechanical systems will be in a utility room on the main floor.
4. Why is the assessed value so much lower than the Winnipeg average?
The assessed value reflects the local market in Burrows-Keewatin, where property values are substantially lower than the city-wide average. This is typical for the area and results in correspondingly lower property taxes.
5. Who would this property not suit?
It would not suit buyers looking for a move-in-ready home with modern finishes or more interior space. It's also likely not a fit for those who require multiple bedrooms or dedicated home-office spaces, given the smaller square footage.