418 Pritchard Avenue

Key Characteristics & Buyer Profile

This is a 1,404-square-foot home built in 1914, sitting on a 3,484-square-foot lot in the William Whyte neighbourhood of Winnipeg. Its standout feature is its living area: at street and neighbourhood levels, it ranks in the top 13% and top 22% respectively—meaning it has notably more interior space than most nearby homes. The lot itself is close to the neighbourhood average but smaller than typical Winnipeg lots, and the home is older than the city-wide median.

The assessed value tells a different story. It’s well below the street average ($122K vs. $182K), roughly in line with the neighbourhood average, and dramatically below the citywide average ($390K). This creates a potential value gap: a relatively spacious home in a less expensive part of the city.

The property would suit a buyer who is comfortable with an older home’s character and maintenance realities, who prioritizes square footage over modern finishes or a prime location, and who sees long-term upside in a neighbourhood that may be undervalued relative to the city as a whole. It might also appeal to someone looking for a larger-than-average footprint at an entry-level price point, or who intends to renovate gradually. The land-to-building ratio (about 2.5:1) is modest for Winnipeg, so this is not a tear-down opportunity; it’s about maximizing the existing structure.

Five Possible FAQs

1. How does the assessed value compare to typical homes in Winnipeg, and what does that mean practically?
The assessed value of $122K places this property in the bottom 1% citywide. That’s a very low benchmark, but it also reflects the home’s age, location, and likely condition. For a buyer, this means lower property taxes than most homes in the city—but it also suggests the sale price will likely be far below the citywide average. The gap between this home’s value and the street average (which is $182K) may be due to condition, deferred maintenance, or lot size variation.

2. The living area is large by street and neighbourhood standards. Is this because of an addition, or is it original?
The data doesn’t confirm the source of the extra square footage. Many homes from 1914 in this area were built with a standard floor plan; a 1,404 sqft house at that time could be a side-by-side duplex, a single-family with a full second story, or a home with later additions. A buyer should verify the layout, foundation, and ceiling heights in person to understand how the space is used and whether it feels as large as the numbers suggest.

3. The home is older than most houses in Winnipeg. What are the main things to look for?
A 1914 home will likely have older electrical (knob-and-tube or insufficient panel capacity), cast iron or galvanized plumbing, and possibly outdated insulation or windows. Foundations from that era can be stone or brick, which require careful maintenance. On the plus side, older homes often have solid wood framing and good bones if they’ve been maintained. A thorough home inspection—focused on the roof, foundation, and mechanicals—is essential.

4. The lot is 3,484 sqft, which is close to the neighbourhood average. Is there room for a garage or an addition?
That depends on the current setbacks and zoning. The neighbourhood average for land is about 3,277 sqft, so this lot is slightly larger than typical, but it’s still a compact city lot—often 33 to 40 feet wide. In many older Winnipeg neighbourhoods, garages were not original, and adding one may reduce yard space significantly. Check with the city for current by-laws on garages, suites, or expansions. The value is likely in the house’s interior, not the yard.

5. How do the rankings work? Is “top 13%” on street level better or worse than “top 35%” citywide for living area?
The rankings are comparative within each scope. “Top 13%” on Pritchard Avenue means this home has more living area than 87% of other homes on that same street. “Top 35%” citywide means it’s larger than about 65% of homes across Winnipeg. Both are positive, but the street-level ranking is more impressive because it shows this home is an outlier in its immediate area. The citywide ranking is more moderate, reflecting that while large for the street, it’s not unusually big by Winnipeg standards overall.