270 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home on a notably large lot in the William Whyte neighbourhood of Winnipeg. The house has 880 square feet of living space, which is smaller than average at the street, neighbourhood, and city level. It was built in 1893, making it one of the older properties in the area—ranking in the bottom 1% on its street and bottom 2% in the neighbourhood for year built. The assessed value is $125,000, which sits around the middle of the neighbourhood but well below the citywide average.
The main draw here is the land. The lot measures 4,031 square feet, which is above average on the street and in the top 9% of the neighbourhood. For someone looking for outdoor space, a garden, or potential for future development, the land offers room that most comparable properties in the area don’t have. The house itself is modest and dated, so the appeal is less about move-in-ready comfort and more about location, lot size, and affordability.
This property would suit a buyer who is comfortable with an older home and either has the skills or budget for renovations, or is primarily interested in the land. It may also appeal to investors or those looking for a lower entry point into the Winnipeg market, provided they’re not expecting a turnkey finish. The relatively low assessed value relative to the neighbourhood suggests there may be room for value-add improvements over time.
Five Possible FAQs
1. Why is the assessed value so low compared to the street average?
The house is one of the oldest on the street, and its compact living area likely contributes to a lower assessed value. The street average is pulled up by larger or newer homes. In the neighbourhood, this property is actually around the middle for assessed value, so it’s not an outlier locally.
2. Is the lot big enough for a garage or an addition?
At 4,031 square feet, the lot is larger than most in the immediate area. While it’s below the citywide average for comparable homes, in this neighbourhood it ranks in the top 9%. Depending on zoning and setbacks, there may be room for a garage or a modest addition, but that would need to be confirmed with the city.
3. How much work does a house from 1893 typically need?
Homes of this age can require significant maintenance, including older electrical, plumbing, and foundation issues. They often lack modern insulation and may have lead paint or outdated materials. A thorough home inspection is highly recommended, and renovation costs should be budgeted accordingly.
4. How does this property compare to others currently listed in William Whyte?
This home is on the smaller side and older than many listings in the area, but its lot size is a differentiator. Many homes in William Whyte sit on smaller lots. If land size matters to you, this property stands out against the local average of 3,277 square feet.
5. Could this be a good rental property?
Potentially, if the purchase price reflects the condition. The neighbourhood has an average assessed value around $149,000, so entry is relatively low. However, an older home may come with higher upkeep costs, and rental demand in the area would depend on proximity to amenities and overall condition. Cash flow projections should account for both capital improvements and vacancy.