298 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,298 sqft home sits on a 3,486 sqft lot in Winnipeg’s William Whyte neighbourhood, built in 1937 with an assessed value of $164,000. The living area is notably generous for both the street and the neighbourhood—ranking in the top 17% on Pritchard Avenue and top 29% in the area—but sits closer to average citywide. The assessed value, meanwhile, is low relative to Winnipeg as a whole (bottom 4%), though it’s in line with street and neighbourhood averages. The lot is slightly smaller than street norms but above average for William Whyte.
What stands out here is the trade-off: you get above-average interior space in a neighbourhood where most homes are older and smaller, without paying a premium. The year built (1937) is typical for the street but older than most citywide, meaning a buyer should expect character details but also potential maintenance needs common to pre-war construction. The land area is modest by city standards, which may limit expansion but keeps the property compact and manageable.
This property suits buyers who value indoor square footage over a large yard, are comfortable with an older home in an established neighbourhood, and are looking for relatively low entry cost compared to citywide averages. It might particularly appeal to someone who wants more room than typical starter homes offer without moving to a pricier area—or to an investor watching for value in a neighbourhood where assessed values are still below the street average.
Five Frequently Asked Questions
1. How does the assessed value compare to what I’d actually pay?
The $164,000 assessment is roughly in line with other homes on Pritchard Avenue (avg. $182,200) and a bit above the William Whyte neighbourhood average ($149,100). Market price can differ, but this suggests the property is priced realistically for its immediate area—not overvalued relative to neighbours.
2. Is a 1937 home likely to need major updates?
It depends on what’s been done since. Many homes of this era have original foundations, wiring, and plumbing. The data doesn’t specify renovations, so a thorough inspection is wise. That said, the property ranks in the top 23% by age within the neighbourhood, meaning it’s newer than many nearby homes (neighbourhood avg. 1927), which could indicate it was built to slightly later standards.
3. Why is the living area ranked high on the street but only average citywide?
Pritchard Avenue and William Whyte have smaller homes on average (1,048 sqft and 1,158 sqft respectively), so 1,298 sqft stands out locally. Citywide, the average comparable home is 1,342 sqft, so this property is essentially on par—good for the area, not exceptional for Winnipeg as a whole.
4. How usable is a 3,486 sqft lot?
It’s smaller than the street average (3,730 sqft) and well below the city average (6,570 sqft), but it’s slightly larger than the neighbourhood norm (3,277 sqft). There’s room for a backyard and possibly a small garden or shed, but not for major additions or a large garage without careful planning.
5. What does the “top 96%” citywide rank for assessed value mean?
It means only about 4% of homes citywide have a lower assessed value. In practical terms, this property is among the most affordable in Winnipeg by assessment—likely reflecting its older age, smaller lot, and location in a lower-cost neighbourhood, not necessarily poor condition.