407 Pritchard Avenue – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1907-built home with 2,208 square feet of living space and a 3,482-square-foot lot. What stands out immediately is the living area: it ranks in the top 1% on its street, top 2% in the William Whyte neighbourhood, and top 6% citywide. In plain terms, this is a genuinely spacious house in an area where most homes are significantly smaller (the street average is 1,048 sqft, and the neighbourhood average is 1,158 sqft). If interior square footage matters to you, this property delivers well above the norm.
The assessed value tells a different story. At $171,000, it sits around average for the street (top 54%) but above average for the neighbourhood (top 30%), where the typical assessment is $149,100. Citywide, however, the value is low—bottom 5%. That gap between generous living space and modest valuation is the central tension here. You’re getting a large home without paying a large-home price by city standards.
The land area is unremarkable (top 63% on the street, top 33% in the neighbourhood) and the year built (1907) is older than most nearby and citywide averages. Character and original details may be present, but age also means maintenance considerations.
This property would suit: A buyer who wants substantial indoor space without stretching into higher-priced areas—someone willing to take on an older home in an established neighbourhood where their dollar goes further on square footage. It may also appeal to investors or renovators who see room to add value, given the assessment lag compared to the living area rankings. It’s less suited to someone seeking a modern, turn-key home or a large private yard.
Five Frequently Asked Questions
1. How does the living area compare to typical homes in William Whyte?
This home’s 2,208 sqft is nearly double the neighbourhood average of 1,158 sqft. It ranks 33rd out of 1,707 comparable homes in the area—solidly in the top 2%. If you need room for a large family, home office, or multiple living spaces, this is a standout feature.
2. Is the assessed value a good deal, or a red flag?
The $171,000 assessment is slightly below the street average but above the neighbourhood average. Compared to the city median of $390,100, it’s low. That doesn’t necessarily mean the home is in poor condition—it often reflects a slower local market or an older property that hasn’t been recently updated. It’s worth investigating the home’s actual condition and recent sale prices in the area to see if the assessment aligns with market value.
3. What should I know about a home built in 1907?
Older homes can have solid construction and desirable features like high ceilings, but they also come with potential issues: outdated electrical, plumbing, insulation, and possible foundation or roof wear. It’s wise to budget for inspections on systems that may need replacement. That said, the home’s ranked age (top 78% on the street, top 60% in the neighbourhood) suggests it’s not the oldest in the area, so older homes are somewhat typical here.
4. How does the lot size affect usability?
At 3,482 sqft, the lot is about average for the street and neighbourhood—not tight, but not generous. Citywide, lots are much larger on average (6,570 sqft), so if you’re coming from a suburb, this will feel compact. It’s suitable for parking, a small garden, or outdoor seating, but likely not for a large addition or expansive landscaping.
5. What does “Top 30%” in neighbourhood assessed value actually mean?
It means this property is valued higher than about 70% of comparable homes in William Whyte. Combined with its top-tier living space, it suggests the home may have above-average finishes, size, or location within the neighbourhood compared to its immediate neighbours—but it’s still priced well below city medians. That can be a sweet spot for value-conscious buyers.