377 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,056 sqft home built in 1901, sitting on a 3,482 sqft lot in Winnipeg’s William Whyte neighbourhood. The assessed value is $142,000. Its standout feature is the land: while citywide lots average 6,570 sqft, this property's lot is modest by that measure, but within the neighbourhood it ranks in the top third (33%), meaning it offers a solid outdoor footprint relative to nearby homes. The living area is close to the street and neighbourhood averages—nothing oversized, but functional for someone not chasing square footage.
The building’s age is the main trade-off. It’s among the older homes in the area (top 97% oldest on the street), which suggests maintenance awareness is necessary. However, older construction in this part of Winnipeg often means solid bones, possibly thicker walls and established trees, if you value character over modern finishes.
Who it suits: A buyer comfortable with an older home who values relatively generous lot size for the neighbourhood. Likely attractive to someone looking for a project or starter property, or an investor focused on land value in an area where assessed values are below city averages (ranked in the bottom 2% citywide), keeping entry costs lower than many comparable Winnipeg properties.
Possible Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s below the street average ($182k) but sits close to the neighbourhood average ($149k). Citywide, it’s very low relative to the median ($390k), which partly reflects the home’s age and modest square footage.
2. Is the living area considered small for the area?
No, it’s around average for both the street and the neighbourhood. The home ranks in the top 39% on Pritchard Avenue for living area, so it’s slightly above typical for that immediate street, but middle-of-the-pack for the broader William Whyte area.
3. What should I know about a house built in 1901?
Older homes often have knob-and-tube wiring, older plumbing, and possibly lead paint or asbestos in insulation or flooring. Foundation and roof age are worth checking. That said, many pre-1920s homes in Winnipeg have solid brick or stone foundations and good ventilation. A thorough inspection is key.
4. How does the lot size affect usability or future plans?
At 3,482 sqft, the lot is average for the street (top 63%) and slightly above average for the neighbourhood (top 33%). It’s not a large yard by city standards, but it offers more outdoor space than many nearby properties. Could suit a garden, a small workshop, or possible future infill—though zoning and setback rules would need verification.
5. What’s the neighbourhood like in terms of market trends?
William Whyte is an older, centrally located Winnipeg neighbourhood with a mix of century homes and newer infills. Assessed values here are notably lower than citywide medians, which often correlates with slower appreciation but also lower purchase prices. It may appeal to buyers looking for an area with potential for gradual reinvestment rather than a hot market.